News Snapshot:
HKMA will stay the course on ESG investments as returns improve over past two years, CEO Eddie Yue says The Hong Kong Monetary Authority, which is responsible for investing the city's financial reserves, will place more of its funds in stocks and bonds that adhere to environment, social and governance (ESG) concepts to achieve better returns, chief executive Eddie Yue Wai-man said. The HK$4.54 trillion (US$585.8 billion) Exchange Fund, the war chest used to defend the local currency from attacks by short-sellers, earned HK$11.6 billion from its investments in the first quarter. The volatile markets saw the fund's earnings fall...
