{"id":37249,"date":"2025-07-31T16:25:14","date_gmt":"2025-07-31T16:25:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/37249\/"},"modified":"2025-07-31T16:25:14","modified_gmt":"2025-07-31T16:25:14","slug":"exchange-fund-posts-biggest-return-in-2-decades-as-hong-kongs-bull-run-bolsters-war-chest","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/37249\/","title":{"rendered":"Exchange Fund posts biggest return in 2 decades as Hong Kong\u2019s bull run bolsters war chest"},"content":{"rendered":"

Hong Kong\u2019s Exchange Fund reported its biggest interim return in more than two decades, as a bull run in the local stock market and stabilised bonds helped bolster the city\u2019s financial war chest.<\/p>\n

The Exchange Fund\u2019s first-half earnings jumped by 76.6 per cent to HK$194 billion (US$24.7 billion), driving an 8 per cent annual increase in its total assets to HK$4.297 trillion at the end of June, the Hong Kong Monetary Authority<\/a> (HKMA) said on Thursday. The interim return surpassed the 2019 record of HK$178.4 billion.<\/p>\n

The fund\u2019s returns were particularly strong during the three months that ended in June, growing 2.4 times to HK$115.2 billion, chalking up the second consecutive quarter of growth. The fund made a loss of HK$20.3 billion in the fourth quarter of 2024, as earnings were hobbled by a tepid stock market.<\/p>\n

\u201cAs the US and major economies made progress in tariff negotiations, investor confidence stabilised and global equity markets rebounded,\u201d said Eddie Yue Wai-man, chief executive of the HKMA. \u201cHong Kong equities also benefited from capital inflows and the Hang Seng Index rose by about 20 per cent in the first half.\u201d<\/p>\n

\"HKMAHKMA chief executive Eddie Yue announces the Exchange Fund\u2019s results for 2024 on January 27, 2025. Photo: Edmond So<\/p>\n

The Exchange Fund traces its roots to 1935. It provides backing to the issuance of banknotes in the city and defends the Hong Kong dollar from attacks by speculators and currency short-sellers. The HKMA, the city\u2019s de facto central bank, invests the fund in Hong Kong equities and overseas stocks, global bonds, global real estate and other long-term projects.<\/p>\n","protected":false},"excerpt":{"rendered":"Hong Kong\u2019s Exchange Fund reported its biggest interim return in more than two decades, as a bull run…\n","protected":false},"author":2,"featured_media":37250,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,27416,27419,46,27418,27420,12918,15674,27417,27415,1378,7893],"class_list":{"0":"post-37249","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-chinese-tech-stocks","12":"tag-dxy-us-dollar-index","13":"tag-economy","14":"tag-eddie-yue-wai-man","15":"tag-exchange-fund","16":"tag-hang-seng-index","17":"tag-hong-kong","18":"tag-hong-kong-dollar","19":"tag-hong-kong-monetary-authority","20":"tag-sp-500-index","21":"tag-us-dollar"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/37249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=37249"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/37249\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/37250"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=37249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=37249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=37249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}