HONG KONG May 29 Hong Kong's Exchange Fund,
which is used to back the Hong Kong dollar, posted investment
income of HK$57.1 billion ($7.33 billion)in the first quarter
of 2017, the Hong Kong Monetary Authority (HKMA) said on Monday.
The figure compared with a HK$25.4 billion investment gain
in the same period a year earlier, and an adjusted HK$23.3
billion investment loss in the fourth quarter of 2016.
In 2016, the exchange fund recorded adjusted investment
income of HK$68.1 billion.
The HKMA is the key manager of the Exchange Fund, which is
under the control of the financial secretary and invests in
equities, bonds, foreign exchange and other securities and
($1 = 7.7938 Hong Kong dollars)
(Reporting by Twinnie Siu and Donny Kwok; Editing by Eric