Hong Kong’s Exchange Fund posts fourth best year in 2023

Hong Kong’s Exchange Fund, the war chest used to defend the local currency, rebounded strongly in 2023, as rallies in bond and overseas stock markets cancelled out a loss in domestic equities. The fund’s investments gained HK$212.7 billion (US$27.27 billion), compared with a record loss of…

#eddieyuewaiman #hkma #exchangefund