HKMA Reports Robust Exchange Fund Performance Amid Volatile Markets
The Hong Kong Monetary Authority (HKMA) disclosed a strong first-half performance for its Exchange Fund, posting HK$194.4 billion in investment income despite global market turbulence. Bond holdings contributed HK$75.3 billion, while Hong Kong equities added HK$22.9 billion to the total. Non-HKD assets benefited from favorable currency translation, yielding an extra HK$56.8 billion.
Total assets under management swelled to HK$4,297.1 billion, reflecting a HK$216.1 billion increase since December 2024. The fund's resilience highlights Hong Kong's strategic positioning during periods of geopolitical tension and trade fragmentation. Fee income from government placements remained stable at 4.4%, with fiscal reserves contributing HK$8.5 billion.