TechFlow reports, on February 3, according to Aastocks, Eddie Yue, Chief Executive of Hong Kong's Monetary Authority, said at a Legislative Council Financial Affairs Committee meeting that the Exchange Fund's investment strategy will continue to focus on liquidity, stability, long-term returns, and diversified income. While investments in metals and mainland assets are already in place, he explicitly stated there is no intention to allocate to virtual assets.
Amid market volatility caused by current geopolitical tensions, Yue emphasized the importance of security. Regarding the impact of a stronger US dollar, he noted that as the Hong Kong dollar follows the US dollar in appreciating, it would help alleviate local inflationary pressure, though it might affect consumption and tourism. Ronnie Wong, Deputy Chief Executive of the Monetary Authority, added that total loans within Hong Kong's banking system have declined for three consecutive years, primarily due to weak demand.
