HK sovereign fund bounces back with $27b investment gain in 2023

HK sovereign fund bounces back with $27b investment gain in 2023

An evening view of the financial Central district and Victoria Harbour in Hong Kong, China, May 9, 2023. REUTERS/Tyrone Siu

Hong Kong’s Exchange Fund reported a 5.2% annual investment income last year, bouncing from a weak performance in 2022 but faces mounting challenges ahead from US monetary policy and geopolitical tensions, the Hong Kong Monetary Authority (HKMA) said on Friday.

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