Exchange Fund
E283263
The Exchange Fund is Hong Kong’s sovereign wealth and reserve fund used to manage the territory’s foreign exchange reserves and support the stability of its financial and monetary systems.
All labels observed (3)
| Label | Occurrences |
|---|---|
| Exchange Fund canonical | 2 |
| Exchange Fund (Hong Kong) | 1 |
| Exchange Fund assets | 1 |
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
foreign exchange reserve fund
ⓘ
sovereign wealth fund ⓘ |
| administeredBy | Hong Kong Monetary Authority ⓘ |
| advisedBy | Exchange Fund Advisory Committee ⓘ |
| assetClass |
Hong Kong dollar assets
ⓘ
bonds ⓘ cash and money market instruments ⓘ equities ⓘ foreign currency assets ⓘ |
| beneficiary |
Government of the Hong Kong Special Administrative Region
ⓘ
people of Hong Kong ⓘ |
| component |
Backing Portfolio
ⓘ
Investment Portfolio ⓘ Long-Term Growth Portfolio ⓘ Strategic Portfolio ⓘ |
| country |
Hong Kong, China
ⓘ
surface form:
Hong Kong
|
| currencyPeg | Hong Kong dollar to United States dollar ⓘ |
| establishedBy |
Government of the Hong Kong Special Administrative Region
ⓘ
surface form:
Government of Hong Kong
|
| governedBy | Exchange Fund Advisory Committee ⓘ |
| hasRole |
fiscal reserve manager for Hong Kong Government
ⓘ
stabilization fund for Hong Kong’s financial system ⓘ |
| headquartersLocation |
Hong Kong, China
ⓘ
surface form:
Hong Kong
|
| investmentHorizon |
long term for capital growth
ⓘ
short term for liquidity management ⓘ |
| jurisdiction |
Hong Kong, China
ⓘ
surface form:
Hong Kong Special Administrative Region
|
| legalBasis | Exchange Fund Ordinance ⓘ |
| legalBasisJurisdiction | Laws of Hong Kong ⓘ |
| location |
Hong Kong, China
ⓘ
surface form:
Hong Kong
|
| monetaryFunction |
backing Hong Kong dollar monetary base
ⓘ
supporting currency board arrangements in Hong Kong ⓘ |
| owner | Government of the Hong Kong Special Administrative Region ⓘ |
| primaryPurpose |
maintain monetary and financial stability in Hong Kong
ⓘ
manage Hong Kong’s foreign exchange reserves ⓘ |
| regionServed |
Hong Kong, China
ⓘ
surface form:
Hong Kong
|
| relatedTo |
Hong Kong Monetary Authority
ⓘ
Hong Kong banking system ⓘ Hong Kong dollar ⓘ |
| reportsTo | Financial Secretary of Hong Kong ⓘ |
| riskManagementObjective |
achieving reasonable long-term returns
ⓘ
capital preservation ⓘ liquidity maintenance ⓘ |
| sector |
monetary authority reserves
ⓘ
public finance ⓘ |
| supports |
Linked Exchange Rate System
ⓘ
surface form:
Linked Exchange Rate System of Hong Kong
stability of the Hong Kong dollar ⓘ |
| typeOfReserves | official foreign reserves of Hong Kong ⓘ |
| usedFor |
backing the monetary base of Hong Kong
ⓘ
intervention in foreign exchange market ⓘ managing liquidity in Hong Kong’s banking system ⓘ |
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Exchange Fund (Hong Kong)
this entity surface form:
Exchange Fund assets