Who manages the exchange fund?

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Multiple Choice

Who manages the exchange fund?

Explanation:
The Exchange Fund is Hong Kong’s monetary stability instrument, and it is managed by the Hong Kong Monetary Authority on behalf of the Government. The HKMA acts as the fund’s manager, directing asset investments, liquidity, and any necessary interventions in the foreign exchange market to maintain monetary and financial stability and defend the currency peg. The other bodies have different, separate roles: the SFC regulates securities and futures markets, HKEx runs the exchange trading platforms, and the Government sets policy but does not directly manage the fund day to day. So, the correct choice is the Hong Kong Monetary Authority.

The Exchange Fund is Hong Kong’s monetary stability instrument, and it is managed by the Hong Kong Monetary Authority on behalf of the Government. The HKMA acts as the fund’s manager, directing asset investments, liquidity, and any necessary interventions in the foreign exchange market to maintain monetary and financial stability and defend the currency peg. The other bodies have different, separate roles: the SFC regulates securities and futures markets, HKEx runs the exchange trading platforms, and the Government sets policy but does not directly manage the fund day to day. So, the correct choice is the Hong Kong Monetary Authority.

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