Hong Kong Exchange Fund's 2023 investment income hits 27.22 bln USD

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Hong Kong Exchange Fund's 2023 investment income hits 27.22 bln USD

STORY: Hong Kong Exchange Fund's 2023 investment income hits 27.22 bln USD SHOOTING TIME: Jan. 26, 2024 DATELINE: Jan. 27, 2024 LENGTH: 0:01:09 LOCATION: HONG KONG, China CATEGORY: ECONOMY SHOTLIST: 1. various of press conference STORYLINE: Hong Kong's Exchange Fund recorded an investment income of 212.7 billion HK dollars (about 27.22 billion U.S. dollars) in 2023, the Hong Kong Monetary Authority (HKMA) said Friday. The main components include gains on bonds of 144 billion HK dollars and gains on other equities of 73.2 billion HK dollars. The Exchange Fund recorded an investment return of 5.2 percent in 2023. Specifically, the Investment Portfolio achieved a rate of return of 6.4 percent. The Backing Portfolio gained 5 percent, a post-2009 record high level of return, as a result of higher interest income on the short-term bonds alongside rising bond yields. The Long-Term Growth Portfolio recorded an annualized internal rate of return of 11.8 percent since its inception in 2009 up to the end o

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