(L to R) Howard Lee, Chief Executive Officer of the Exchange Fund Investment Office; Eddie Yue, Chief Executive of the Hong Kong Monetary Authority; and Francis Chu, Chief Operating Officer of the Exchange Fund Investment Office meet the press in January 2021. Photo: May Tse (L to R) Howard Lee, Chief Executive Officer of the Exchange Fund Investment Office; Eddie Yue, Chief Executive of the Hong Kong Monetary Authority; and Francis Chu, Chief Operating Officer of the Exchange Fund Investment Office meet the press in January 2021. Photo: May Tse
(L to R) Howard Lee, Chief Executive Officer of the Exchange Fund Investment Office; Eddie Yue, Chief Executive of the Hong Kong Monetary Authority; and Francis Chu, Chief Operating Officer of the Exchange Fund Investment Office meet the press in January 2021. Photo: May Tse

Hong Kong Exchange Fund reports late surge in income as markets rebound, expanding currency war chest to US$581 billion

  • Returns recovered over the course of the year after the coronavirus pandemic rattled markets in early 2020
  • Exchange Fund’s war chest stood at HK$4.5 trillion even after 85 interventions in 2020 to protect its currency peg

Topic |   Banking & Finance
(L to R) Howard Lee, Chief Executive Officer of the Exchange Fund Investment Office; Eddie Yue, Chief Executive of the Hong Kong Monetary Authority; and Francis Chu, Chief Operating Officer of the Exchange Fund Investment Office meet the press in January 2021. Photo: May Tse (L to R) Howard Lee, Chief Executive Officer of the Exchange Fund Investment Office; Eddie Yue, Chief Executive of the Hong Kong Monetary Authority; and Francis Chu, Chief Operating Officer of the Exchange Fund Investment Office meet the press in January 2021. Photo: May Tse
(L to R) Howard Lee, Chief Executive Officer of the Exchange Fund Investment Office; Eddie Yue, Chief Executive of the Hong Kong Monetary Authority; and Francis Chu, Chief Operating Officer of the Exchange Fund Investment Office meet the press in January 2021. Photo: May Tse
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