HKMA’s Exchange Fund posts record high investment income
Strong performance in equities and currency effects drove record investment result in the first half of 2017
The Hong Kong Monetary Authority has announced a record high investment return of HK$126.5 billion ($16.2 billion) of its Exchange Fund in the first half of 2017.
The investment gain is due in large part to the strongly performing global equity markets, as well as a positive currency translation effect brought by the downward trend of the US dollar index, Norman Chan, chief executive of the HKMA, said in a statement released on July 27.
The Exchange Fund, which is used to back the Hong Kong
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