香港金管局回应转拨外汇基金投资收入建议：有能力维持香港货币及金融稳定

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) expresses confidence in maintaining the stability and soundness of Hong Kong's monetary and financial system while responding to the government's proposal to transfer investment income from the Exchange Fund [1] Group 1: Financial Stability - The HKMA emphasizes that the transfer of funds from the Exchange Fund to other government funds will not adversely affect its ability to maintain monetary and financial stability [1] - The Exchange Fund is required to ensure that its assets are at least 105% of its outstanding liabilities, as stipulated in Article 8 of the Exchange Fund Ordinance [1] Group 2: Budget Proposal - The Financial Secretary of Hong Kong proposes to transfer HKD 150 billion from the Exchange Fund to the government's Capital Works Reserve Fund to support the Northern Metropolis and other infrastructure projects [1] Group 3: Exchange Fund Performance - The Exchange Fund is projected to record over HKD 330 billion in investment income by 2025, and after the proposed transfer, its cumulative surplus is expected to increase to over HKD 780 billion compared to the end of 2024 [1] - The Exchange Fund holds over USD 420 billion in foreign exchange reserves, which is 1.6 times the monetary base, providing a solid foundation for the linked exchange rate system and financial system stability [1]