Hong Kong Exchange Fund reports worst year on record in 2022 as it lost US$25.8 billion amid ‘perfect storm’, HKMA says

Hong Kong Exchange Fund reports worst year on record in 2022 as it lost US$25.8 billion amid ‘perfect storm’, HKMA says

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The loss far surpasses the previous worst annual decline of US$9.6 billion in 2008 for the war chest that defends the Hong Kong dollar from attacks by short-sellers.

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