Hong Kong's Exchange Fund records HK$202.4 billion 2022 investment loss, outlook uncertain

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

HONG KONG : Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, reported an investment loss of HK$202.4 billion ($25.8 billion) in 2022, the Hong Kong Monetary Authority (HKMA) said on Monday, the worst ever on record in value terms.In 2021, the exchange fund recorded adjusted investmen

HONG KONG : Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, reported an investment loss of HK$202.4 billion in 2022, the Hong Kong Monetary Authority said on Monday, the worst ever on record in value terms.For the fourth quarter, investment income amounted to HK$76.4 billion, compared to HK$48.2 billion in the same period of 2021.

Losses from Hong Kong and foreign equities in 2022 amounted to HK$19.5 billion and HK$61.2 billion respectively, while the loss on bonds was HK$53.3 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines