Translator: MOS Translation Group – Four Seasons
The Hong Kong Monetary Authority said on Thursday that the investment income from the Hong Kong Exchange Fund, which is used to back the Hong Kong dollar, announced HK$170.5 billion (US$21.9 billion) in 2021, a 27 percent year-on-year decline and the lowest in three years, the OAN website reported, citing Reuters on Jan.27.
According to Eddie Yue, HKMA Chief Executive, the investment environment will remain uncertain with a slowing global economic recovery, slower growth momentum of corporate earnings and lingering concerns about new virus variants and geopolitical tensions.
The HKMA is the primary manager of the Exchange Fund, which is controlled by the Financial Secretary and invests in stocks, bonds, foreign exchange and other securities and assets.
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Posted by: Xiaolunn
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