HKMA cuts duration in U.S. treasury holdings, diversifies portfolio of exchange fund
發佈日期: 2025-05-06 23:54
TVB News
The Hong Kong Monetary Authority says it's been reducing duration in its U.S. treasury holdings while looking to diversify the portfolio of its exchange fund into non-U.S. assets.
HKMA's chief executive Eddie Yue said at the Finance Committee meeting of the Legislative Council on Tuesday that they are cutting duration in U.S. Treasury holdings as volatility grows in dollar bonds.
He attributed the recent turbulence to factors such as Trump's tariff policies, investor needs and technical reasons.
To manage risks, Yue said efforts are being made to diversify the rest of the agency's investment portfolio into different currencies and asset classes.
Yue also said they are maintaining ample dollar reserves in the Exchange Fund to defend the currency peg.
