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Tag: fiscal reserve

Hong Kong’s Exchange Fund reports fifth-best annual return despite fourth-quarter loss
  • Hong Kong News

Hong Kong’s Exchange Fund reports fifth-best annual return despite fourth-quarter loss

Cs news6 months ago02 mins

The Exchange Fund, Hong Kong’s financial war chest for defending the currency peg, reported a loss for the fourth quarter because of falling bond prices and a valuation loss on non-US dollar assets. For the full year, the fund reported its fifth-best annual return, as a diversified investment approach paid off. The investment return in…

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