Hong Kong’s Exchange Fund, the war chest used to defend the local currency, reported a 74 per cent tumble in third-quarter earnings amid pervasive market uncertainty, the Hong Kong Monetary Authority (HKMA) said on Friday. Earnings totalled HK$18.6 billion (US$2.4 billion) in the quarter, plunging from HK$70.8 billion a year earlier. For the first nine months of 2026, total earnings reached HK$171.9 billion, down 39.6 per cent from the same period last year. The Exchange Fund’s Hong Kong...
Hong Kong’s Exchange Fund earnings tumble 74% as HKMA warns of more market turbulence
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SCMP - Feed 91By Zhu Wenqian,Enoch Yiu
EXECUTIVE SUMMARY
Hong Kong’s Exchange Fund, the war chest used to defend the local currency, reported a 74 per cent tumble in third-quarter earnings amid pervasive market uncertainty, the Hong Kong Monetary Authority (HKMA) said on Friday. Earnings totalled HK$18.6 billion (US$2.4 billion) in the quarter, plunging from HK$70.8 billion a year earlier. For the first nine months of 2026, total earnings reached HK$171.9 billion, down 39.6 per cent from the same period last year. The Exchange Fund’s Hong Kong...
Key Takeaways
- Hong Kong’s Exchange Fund earnings tumble 74% as HKMA warns of more market turbulence.
- Earnings totalled HK$18.6 billion (US$2.4 billion) in the quarter, plunging from HK$70.8 billion a year earlier.
- For the first nine months of 2026, total earnings reached HK$171.9 billion, down 39.6 per cent from the same period last year.
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Published originally on SCMP - Feed 91
