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| THE EXCHANGE FUND |
| The primary objective of the
Exchange Fund, as laid down in the
Exchange Fund Ordinance, is to affect, either directly or indirectly, the exchange value of the currency of Hong Kong. In addition, it can be used to maintain the stability and integrity of the monetary and financial systems of Hong Kong, with a view to maintaining Hong Kong as an international financial centre. Because of the need to meet these statutory objectives, the
Exchange Fund
is different from a typical investment fund and it is not appropriate to compare directly the investment results of the
Exchange Fund with those of other investment funds, whose key investment objective is to maximise returns. |
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