Exchange Fund – Reserves Management

The HKMA is responsible for the use and investment management of the Exchange Fund under the delegated authority of the Financial Secretary and within the terms of the delegation.  The HKMA has been managing the investments of the Exchange Fund prudently under the principle of “Capital Preservation First while Maintaining Long-Term Growth”.

The work of the HKMA on investment management of the Exchange Fund during the past year can be found in the Reserves Management chapter of the HKMA Annual Report.

• Annual Report