HONG KONG: Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted investment loss of HK$10.6 billion ($1.37 billion) in the first half of 2020, the Hong Kong Monetary Authority (HKMA) said on Friday.
The figure compared with a HK$178.4 billion investment gain in the same period a year earlier.
In 2019, the exchange fund recorded adjusted investment income of HK$262.2 billion.
The HKMA is the key manager of the Exchange Fund, which is controlled by the financial secretary and invests in equities, bonds, foreign exchange and other securities and assets. - Reuters
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