Hong Kong’s Exchange Fund recorded investment income of HK$18.6 billion in the third quarter. In the same disclosure, Hong Kong equities contributed HK$9.1 billion, while bonds contributed just HK$300 million.
The two figures were listed separately, making the difference plain to see: equities accounted for nearly half, while bonds barely made a dent.
The nine-month figures were also included at the end: cumulative investment income reached HK$171.9 billion, with the third quarter representing just one part of that total.
Taken together, one quarter’s figures cannot determine the full-year picture; the nine-month trend gives a fuller view.
The bulletin did not break down where the rest of the income came from, so we’ll have to wait for a more complete disclosure.
#Finance
The two figures were listed separately, making the difference plain to see: equities accounted for nearly half, while bonds barely made a dent.
The nine-month figures were also included at the end: cumulative investment income reached HK$171.9 billion, with the third quarter representing just one part of that total.
Taken together, one quarter’s figures cannot determine the full-year picture; the nine-month trend gives a fuller view.
The bulletin did not break down where the rest of the income came from, so we’ll have to wait for a more complete disclosure.
#Finance