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Hong Kong Exchange Fund H1 investment loss at HK$10.6 bln - HKMA

07/24/2020 | 04:21am EDT

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)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN DOLLAR / HONGKONG-DOLLAR (CAD/HKD) -0.03% 6.27792 Delayed Quote.3.16%
EURO / HONGKONG-DOLLAR (EUR/HKD) -0.04% 9.02097 Delayed Quote.-4.47%
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