News Formal

Hong Kong Exchange Fund posts H1 investment loss of HK$144.2 billion

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

HONG KONG : Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted an investment loss of HK$144.2 billion ($18.37 billion) in the first six months of 2022, the Hong Kong Monetary Authority (HKMA) said on Friday.Its second-quarter loss amounted to HK$95.4 billion after a loss of HK$4

HONG KONG : Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted an investment loss of HK$144.2 billion in the first six months of 2022, the Hong Kong Monetary Authority said on Friday.

Its second-quarter loss amounted to HK$95.4 billion after a loss of HK$48.8 billion in the January-March quarter, HKMA said. The HKMA is the key manager of the Exchange Fund, which is under the control of the financial secretary and invests in equities, bonds, foreign exchange and other securities and assets.

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 ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong finance chief says property market remains resilientHONG KONG : Hong Kong Financial Secretary Paul Chan said on Thursday the property market remains resilient although sentiment will be dented by increased mortgauge payments amid higher interest rates. Chan was speaking after the city's de facto central bank raised its base rate charged through the overnig
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »