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The Exchange Fund, Hong Kong's currency defense war chest, reported a 37% decline in first-half earnings due to losses in local equities and weaker bond returns, as announced by the Hong Kong Monetary Authority (HKMA).
Reports and statements from various countries highlighted ongoing discussions and concerns regarding press freedom, including national rankings and government approaches to media. Officials in some regions reaffirmed commitments to responsible journalism amidst these global conversations.
Hong Kong has adequate safeguards to prevent any misuse of the Exchange Fund, according to the economist known as the “father of the city’s dollar peg”, who called concerns over the government’s decision to draw from the de facto sovereign wealth fund “a little overblown”. John Greenwood said the government’s plan to transfer HK$150 billion (US$19.1 billion) from the fund – which plays an essential role in defending the Hong Kong dollar’s peg to the US dollar – would have no effect on the...
Hong Kong's finance chief has defended the government's plan to utilize the Exchange Fund, which ensures currency stability, to finance the Northern Metropolis technology hub project, framing the move as an 'investment'.
Indian banks are slashing their sales of short-term debt, opting instead for cheaper foreign exchange funding. This shift reflects a strategic move to optimize financing costs in the current economic environment.
An article suggests that exchange funds could provide a solution for investors holding concentrated capital gains. These funds offer strategies to manage and diversify such assets.
Hong Kong is making a rare move to utilize income from its Exchange Fund to finance the Northern Metropolis and other large-scale projects, signaling a strategic shift in funding major infrastructure developments.
Hong Kong’s financial chief has defended his latest budget against public criticism over the lack of sweeteners, stressing that the government must balance its finances with long-term investments for the city’s benefit. Financial Secretary Paul Chan Mo-po said on Thursday he would brief credit-rating agencies and the International Monetary Fund next month on his budget, including the proposed HK$150 billion (US$19.2 billion) transfer from the Exchange Fund to support infrastructure projects. ...
Hong Kong's $550 billion Exchange Fund is reportedly considering an allocation to the S&P 500 index.
An article provides an overview of exchange funds, detailing their investment benefits and associated risks for potential investors.
Hong Kong's Financial Secretary Paul Chan Mo-po has announced that the city does not plan to receive any transfers from its Exchange Fund in the next five years, citing a new medium-range forecast.
The Hong Kong government has produced a consolidated surplus earlier than expected, its first in four years, ahead of a rare transfer into coffers from the Exchange Fund and other sources. Wednesday’s budget pointed to fund transfers of HK$127.83 billion and an 11.1 per cent jump in government revenues contributing to another surplus for 2026-27, on top of the one for the 2025-26 financial year. “We will bring back about HK$15.8 billion from funds established outside the government’s accounts...