BUSINESSSCMP CHINA
Hong Kong’s Exchange Fund first-half earnings fall 37% on equity slump, softer bond income
Hong Kong’s Exchange Fund reported a 37% decline in first-half earnings due to losses in Hong Kong equities and weaker bond returns. Earnings fell to HK$134.7 billion from a record HK$214 billion in 2025, with the stock portfolio shifting from a HK$22.9 billion gain to an HK$11.8 billion loss.
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