The Hong Kong Monetary Authority oversees Hong Kong’s monetary system. It was founded in 1993 when the Office of the Exchange Fund merged with the Office of the Commissioner of Banking. Its responsibilities include maintaining currency stability, monitoring Hong Kong’s banking system and managing the Exchange Fund.  

Exchange Fund income jumps to HK$41.2b in Q3

PUBLISHED : Monday, 19 November, 2012, 5:55pm
UPDATED : Monday, 19 November, 2012, 5:59pm

Investment income of Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, was HK$41.2 billion (US$5.3 billion) for the third quarter, the Hong Kong Monetary Authority (HKMA) said on Monday.

The figure compared with a net investment loss of HK$41.7 billion in the same period a year earlier.

Investment income for the first nine months stood at HK$80.1 billion.

The HKMA is the key manager of the Exchange Fund, which is under the control of the financial secretary and invests in equities, bonds, foreign exchange and other securities and assets.



Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

Enter multiple addresses separated by commas(,)

Related topics

More on this story

For unlimited access to: SCMP Tablet Edition SCMP Mobile Edition 10-year news archive