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Hong Kong regains lustre as stocks rally, property picks up

South China Morning PostCenter-RightEN 1 min read 100% complete by Brian Rhoads,Raymond MaJanuary 29, 2026 at 10:11 AM
Hong Kong regains lustre as stocks rally, property picks up
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AI Summary

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Hong Kong's financial strength saw significant gains in the past year, with the Exchange Fund reporting record earnings. The Hong Kong Monetary Authority (HKMA) announced the fund's investment income surged to HK$331 billion (US$42 billion) in 2023, a 51% increase and the highest since 1993. This growth was driven by rallies in local and global stocks and bonds. The Exchange Fund is used by Hong Kong's de facto central bank to maintain the city's currency peg to the US dollar. The HKMA indicated that all main investment categories within the fund contributed to the positive results.

Key Entities & Roles

Key Player Opposition Context
United States dollar 60% Exchange Fund ×270% Hong Kong Monetary Authority (HKMA) 80% Hong Kong ×390%

Keywords

hong kong 100% financial war chest 80% stocks 70% investment income 70% exchange fund 60% bonds 60% currency peg 50% hkma 40%

Sentiment Analysis

Positive
Score: 0.40

Source Transparency

Source
South China Morning Post
Political Lean
Center-Right (0.50)
Far LeftCenterFar Right
Classification Confidence
85%
Geographic Perspective
Hong Kong

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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hong kongfinancial war cheststocksinvestment incomeexchange fundbondscurrency peghkma
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