HKMA Exchange Fund backs bonds, China recovery after record $25bn loss

Jan 30, 2023

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.

HKMA Exchange Fund backs bonds, China recovery after record $25bn loss

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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