From January to the end of June, the Exchange Fund recorded an investment income of $50.5 billion. The Exchange Fund After a fee payment of $13.9 billion to fiscal reserves, and another of $4.1 billion to government funds and statutory bodies, the total surplus for the first half of the year was $28.9 billion. That brings the total assets of the Exchange Fund to HK$3.071 trillion dollars. That’s a lot of zeroes.
The Exchange Fund, managed by the Hong Kong Monetary Authority (HKMA), is used to “affect, either directly or indirectly, the exchange value of the currency of Hong Kong, according to the HKMA. Essentially, it’s used to back the Hong Kong Dollar. Its role is also to “maintain the stability and integrity of Hong Kong’s monetary and financial systems to help maintain Hong Kong as an international financial centre”.
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