The Exchange Fund posted its best-ever annual gain since the Hong Kong Monetary Authority (HKMA) began releasing the data in 2003, as solid stock market returns boosted the city’s financial war chest used to defend the local currency.
The Exchange Fund’s full-year earnings for 2025 jumped 51 per cent to HK$331 billion (US$42 billion), compared with HK$218.8 billion in 2024, the HKMA said on Wednesday.
The returns surpassed full-year gains of HK$264 billion in 2017.
“Looking ahead, the US…