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Hong Kong’s Exchange Fund earnings tumble 74% as HKMA warns of more market turbulence

Hong Kong’s Exchange Fund earnings tumble 74% as HKMA warns of more market turbulence
South China Morning Post Friday 06 November 2026, 05:35 UTC By Zhu Wenqian,Enoch Yiu 1 min read
Key Points

Hong Kong’s Exchange Fund, the war chest used to defend the local currency, reported a 74 per cent tumble in third-quarter earnings amid pervasive market uncertainty, the Hong Kong Monetary Authority (HKMA) said on Friday. Earnings totalled HK$18.6 billion (US$2.4 billion) in the quarter, plunging from HK$70.8 billion a year earlier. For the first nine months of 2026, total earnings slid 39.6 per cent from a year earlier to HK$171.9 billion.

Hong Kong’s Exchange Fund, the war chest used to defend the local currency, reported a 74 per cent tumble in third-quarter earnings amid pervasive market uncertainty, the Hong Kong Monetary Authority (HKMA) said on Friday. Earnings totalled HK$18.6 billion (US$2.4 billion) in the quarter, plunging from HK$70.8 billion a year earlier. For the first nine months of 2026, total earnings slid 39.6 per cent from a year earlier to HK$171.9 billion. The Exchange Fund’s Hong Kong equities portfolio... [Image text:] O0L O1S 100 1171152 100 00 anghai Banking Corpor Z4X1171152 100 KB46279860I B2 100 ONE THO HONG KONGDOLEA 1000 CA NATIONALA A ROMANIEI 8 1000 MSIH TEHTE wwuinote E HSBC AF966232 KB4627986 MONE Rur3ntr 798601 005G0000317 1000 1000 Z4X1171152 10 100 3627.037 MbIHTEHI 03397 1000 005C0000317 le1.000 00 SC 100 Z4X1171152 100 1000
Hong Kong’s (LOCATION) Exchange Fund (ORG) HKMA (ORG) the Hong Kong Monetary Authority (ORG) The Exchange Fund’s (ORG) Hong Kong (LOCATION)
Originally published by South China Morning Post Read original →

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