Hong Kong’s Exchange Fund reported HKD104bn (USD13.31bn) in investment income for the first half of the year, down 11% from 2023, the Hong Kong Monetary Authority (HKMA) announced. Bond investments yielded HKD57.9bn, a slight drop of 0.2%. Gains from Hong Kong stocks were HKD6.6bn, recovering from a HKD4.8bn loss last year, while other equities returned HKD47.8bn, down 1.4%. Fees on placements by fiscal reserves and government funds totalled HKD15.4bn. The Exchange Fund’s total assets stood at HKD3.98tr at the end of June, down HKD37.9bn since last year, with an accumulated surplus of HKD688.3bn. HKMA CEO Eddie Yue noted ongoing global uncertainties, emphasising the goal of avoiding losses and seeking long-term returns.