Norman Chan Tak-lam, chief executive of the Hong Kong Monetary Authority, attends a press conference in Central to announce the performance of the Exchange Fund in 2018. Photo: K. Y. Cheng

Hong Kong’s Exchange Fund reports 94.7 per cent decline in returns amid massive stock market losses

  • The fund’s dismal performance comes after a record 2017 when it posted gains of HK$264 billion
  • HKMA’s Norman Chan Tak-lam says the fund will continue to adopt a defensive investment approach as global environment remains highly unpredictable
Topic |   Banking & Finance

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Norman Chan Tak-lam, chief executive of the Hong Kong Monetary Authority, attends a press conference in Central to announce the performance of the Exchange Fund in 2018. Photo: K. Y. Cheng
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