HKMA Exchange Fund backs bonds, China recovery after record $25bn loss
The de facto sovereign wealth fund of Hong Kong on Monday reported an investment loss of HK$202.4 billion ($25.8 billion), or 4.4%, for 2022 - the worst performance since 2008.
Hong Kong Monetary Authority's (HKMA) Exchange Fund is hoping fixed income investments and mainland China’s economic rebound will help investment performance this year, after it posted a record investment loss for 2022.
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