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| Joseph Yam. Photo: RTHK |
| |
The Government Exchange Fund
made a record loss of HK$48.3 billion on its investments in the 3rd quarter of this year. The fund's total losses in the first nine months of 2008 amounted to
HK$83.3 billion - a fall of
5.8%. The Chief Executive of the Monetary Authority, Joseph Yam, said the HKMA faced "unprecedented
challenges" in managing the
fund in the current financial
crisis. |
