Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority, says the Exchange Fund should only be used to maintain the stability of the financial market and the local currency peg. SCMP: Xiaomei Chen Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority, says the Exchange Fund should only be used to maintain the stability of the financial market and the local currency peg. SCMP: Xiaomei Chen
Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority, says the Exchange Fund should only be used to maintain the stability of the financial market and the local currency peg. SCMP: Xiaomei Chen

Hong Kong wants to keep its US$581 billion war chest for defending the currency instead of the economy, monetary chief says

  • The Exchange Fund recorded its third-highest earning year on record at HK$197.8 billion last year
  • The Hong Kong government is expected to receive HK$32.6 billion of income for last year’s Exchange Fund return but lawmakers wants more

Topic |   Hong Kong Monetary Authority (HKMA)
Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority, says the Exchange Fund should only be used to maintain the stability of the financial market and the local currency peg. SCMP: Xiaomei Chen Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority, says the Exchange Fund should only be used to maintain the stability of the financial market and the local currency peg. SCMP: Xiaomei Chen
Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority, says the Exchange Fund should only be used to maintain the stability of the financial market and the local currency peg. SCMP: Xiaomei Chen
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