The Hong Kong Monetary Authority (HKMA) announced on the 6th that the investment income of the Hong Kong Exchange Fund in the first quarter of 2024 was HKD 54.3 billion. The representative of the Monetary Authority gave a work briefing at the Financial Services Committee meeting of the Hong Kong Legislative Council on the same day, announcing the above data. According to the analysis of foreign exchange fund investment categories in the first quarter of this year, bond investments earned 25.1 billion yuan, Hong Kong stocks lost 2.3 billion yuan, other stocks earned 36.3 billion yuan, and foreign exchange losses amounted to 4.8 billion yuan. Li Dazhi, Vice President of the Monetary Authority, stated at the meeting that the bond yields of different major economies have all increased in the first quarter of this year. Although bond prices have decreased, the investment has recorded returns due to higher bond yields; The global stock market has roughly risen, with the mainland stock market briefly recovering after adjusting, but the Hong Kong stock market is weak. The President of the Hong Kong Monetary Authority, Yu Wei wen, stated to reporters after the meeting that the overall investment situation in Hong Kong was not bad in the first quarter of this year. As for the second quarter, there is still significant volatility in the market, and the future depends on the trend of the US economy and the pace of interest rate cuts, whether the mainland's economic recovery is stable and increasing, and the geopolitical impact in the Middle East and other regions. The Monetary Authority will manage the Exchange Fund with a more defensive strategy. In addition, the report points out that various offshore RMB businesses in Hong Kong have continued to record growth, with a total RMB trade settlement amount of RMB 2465.3 billion processed by Hong Kong banks in the first two months of this year; As of the end of February this year, the balance of RMB customer deposits and deposit certificates was 964.2 billion yuan and 115.8 billion yuan, respectively, totaling 1080 billion yuan. (Lai Xin She)