The Exchange Fund earned a record of 1265 billion in six months

Global financial markets in the first half of the year to the general, in the stock exchange trend are favorable foreign exchange fund investment situation, the fund recorded a total of 126.5 billion yuan in half, to six months as a record high, fund assets worth 4 trillion yuan.

According to preliminary information, the annual return on investment of the Exchange Fund in the first half of the year was 6.4%, higher than the average rate of return of 4.8% from 1994 to 2016.

Chen Delin: more than the second half of the variable

In July, the global investment market was still hot, but the Hong Kong Monetary Authority President Chen Delin stressed that “the positive trend of the global financial market in the first half may not be able to continue, the second half of the investment environment there are still many variables,” including the US interest rate table, the British off European negotiations, geopolitical risks, etc., may affect market sentiment, adjust for the asset market, he stressed that will continue to carefully manage the Exchange Fund.

In the second quarter, the investment income of the Exchange Fund recorded 61.6 billion yuan, slightly lower than the first quarter of 64.9 billion yuan, while the most profitable quarter was the third quarter of 2009, when 71.9 billion yuan revenue.

In the first half of the Exchange Fund performance, stock income as a major bright spot, Hong Kong stocks recorded 13.5 billion yuan in revenue, other regional stocks contributed 15.6 billion yuan; during the period, Hong Kong stocks rose 17%, the US Dow and Nasdaq were up 8 % And 14% respectively.

Non-Hong Kong dollar exchange adjustment (formerly known as foreign exchange earnings), the benefit of the first half of the market expected US and Europe, Britain and other places of economic performance and monetary policy gap narrowed, so that the US dollar index fell, creating foreign exchange fund foreign currency When the assets were converted into Hong Kong dollars, the valuation of $ 34.3 billion was raised.

While the global bond market performance was stable, bond investment income of 16.5 billion yuan. Taking into account the above factors, the Exchange Fund saw a new high of $ 125.5 billion in the first half of the year and paid a tax reserve of $ 11.4 billion to the Hong Kong Government.

Fund asset value close to 4 trillion

The increase in the value of the assets increased the total assets of the Exchange Fund by $ 286.2 billion at the end of 2016 to $ 3.9 trillion. Hong Kong stocks accounted for 1,736 billion yuan, other stocks accounted for 496.2 billion yuan. Bond investment accounted for 68% of total assets, the total amount of 2.6 trillion yuan.

Looking to the second half of the year, the financial sector and scholars are expected to maintain a good performance, but the performance or because the US interest rate table and slightly less than half a year.

Zhongda Liu ZuoDe, director of the Institute of Global Economics and Finance, is relatively prudent, it is estimated that the US quarter of the season may raise interest rates again, so that the dollar to reproduce the strong, when the non-US currency rally or reverse, drag the exchange rate changes in the Exchange Fund.

(Hong Kong) Treasury Marketing (Greater China) Managing Director Wang Liang enjoy more optimistic, he said the market interest rate is expected to decline, suggesting that the dollar has the opportunity to remain weak, it is believed that the Exchange Fund continued to have a good second half which performed.