The government's Exchange Fund has had its best quarter in nearly two years.
It recorded an investment profit of HK$24.1 billion during the first three months of this year – the highest since the second quarter of 2014.
The profit was driven by gains in bonds and foreign exchange, that totalled more than HK$40 billion.
But the profit was sapped by losses in Hong Kong and overseas equities. The fund lost HK$6.2 billion in local shares and HK$9.9 billion in overseas markets.