HONG KONG, May 9 (Xinhua) -- Hong Kong's Exchange Fund recorded an investment income of 97.9 billion HK dollars (about 12.47 billion U.S. dollars) in the first quarter of 2023, gaining for the second consecutive quarter and marking a year-on-year turnaround, according to the Hong Kong Monetary Authority (HKMA).
During the January-March period, the fund's investment in Hong Kong stocks registered gains of 3.3 billion HK dollars, other equities collected 25.5 billion HK dollars, bonds recorded a profit of 43.9 billion HK dollars, and foreign exchange brought income of 25.2 billion HK dollars.
The HKMA said it hopes to continue its efforts to make gains for the rest of 2023 with the Q1 gains, the amount of which was about half the fund's loss last year. (1 U.S. dollar equals 7.85 HK dollars) ■
