HONG KONG, July 24 (Reuters) - Hong Kong's Exchange Fund,
which is used to back the Hong Kong dollar, posted investment
loss of HK$10.6 billion ($1.37 billion) in the first half of
2020, the Hong Kong Monetary Authority (HKMA) said on Friday.
The figure compared with a HK$178.4 billion investment gain
in the same period a year earlier.
In 2019, the exchange fund recorded adjusted investment
income of HK$262.2 billion.
The HKMA is the key manager of the Exchange Fund, which is
controlled by the financial secretary and invests in equities,
bonds, foreign exchange and other securities and assets.
($1 = 7.7514 Hong Kong dollars)
(Reporting by Twinnie Siu; Editing by Alex Richardson)