Hong Kong news

Hong Kong’s currency war chest reports 80 per cent decline in income

Written by Ariel



Hong Kong’s currency war chest reports 80 per cent decline in income
Hong Kong’s Exchange Fund, the city’s reserves and war chest used for defending the Hong Kong dollar, on Friday posted investment income for the first half of 2018 that was 79.96 per cent lower than a year ago. The decline was attributed to stock investment losses caused by the US-China trade war, as well as interest rate increases put in place by the US Federal Reserve. Norman Chan, chief executive of the Hong Kong Monetary Authority, the city’s de facto central bank, said: “Asset prices in the…
———————–
Don’t Forget Subscribe:

About the author

Ariel

Lawyer, Musician, Serial Careerist, Amateur Chef, Papercut Survivor. Is this water dry?.

Leave a Comment