Eddie Yue Wai-man, chief executive of the HKMA, said the Exchange Fund has a diversified portfolio. Photo: Winson Wong
Eddie Yue Wai-man, chief executive of the HKMA, said the Exchange Fund has a diversified portfolio. Photo: Winson Wong

Hong Kong’s Exchange Fund reports US$1.7 billion third-quarter loss as Beijing’s big tech crackdown batters stock market

  • The war chest used to defend the Hong Kong dollar notched up its worst loss since early 2020 as the Hang Seng Index crashed by about 15 per cent
  • Its performance remains solid on a nine-month basis, however, with cumulative gains of HK$126.5 billion, up 40 per cent from a year earlier

Topic |   Hong Kong Monetary Authority (HKMA)
Eddie Yue Wai-man, chief executive of the HKMA, said the Exchange Fund has a diversified portfolio. Photo: Winson Wong
Eddie Yue Wai-man, chief executive of the HKMA, said the Exchange Fund has a diversified portfolio. Photo: Winson Wong
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