November 5, 2018 / 2:52 AM / 10 months ago

Hong Kong Exchange Fund Q3 investment income falls 97 pct to HK$1.6 bln

HONG KONG, Nov 5 (Reuters) - Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$1.6 billion ($204 million) in the third quarter, down 97 percent from a year earlier, the Hong Kong Monetary Authority (HKMA) said on Monday.

The figure compared with a HK$61.8 billion investment gain in the same period a year earlier.

The Exchange fund recorded an investment income of HK$36.7 billion in the Jan-Sept period this year.

The HKMA is the key manager of the Exchange Fund, which is under the control of the financial secretary and invests in equities, bonds, foreign exchange and other securities and assets.

$1 = 7.8302 Hong Kong dollars Reporting by Twinnie Siu; Editing by Eric Meijer

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