Page 211 - Hong Kong Housing Society Annual Report 2023/24

AUDITED FINANCIAL STATEMENTS 已審核財務報表
NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

5. Financial risk management objectives and 5. 財務風險管理目標及政策 （續）
policies (continued)

(c) Market risk (continued) (c) 市場風險 （續）
(i) Foreign exchange risk (i) 外幣兌換風險

The Housing Society’s foreign currency positions 房屋協會的外幣持倉主要來
arise mainly from its financial assets and 自其非港元及美元的外幣財
liabilities denominated in currencies other than 務資產及負債。而因港元及
Hong Kong (“HK”) dollar and United States (“US”) 美元的兌換已是掛鈎，所以
dollar. The exchange risk between HK dollar and 兌換風險不大。
US dollar is considered insignificant since HK
dollar is pegged to US dollar.

The Housing Society is exposed to foreign 房屋協會面對外幣兌換風險
currency risk through its fixed deposits, equity 主要是來自定期存款、股票
investments and fixed income investments. 及固定收益組合投資。外幣
The foreign exchange risk on fixed deposits is 定期存款的風險是以分配
controlled and monitored by allocation limits. 限額來控制及監察。以一藍
The equity and fixed income investments, 子貨幣列賬的股票及固定收
which are managed by fund managers, are 益組合投資則由基金經理管
denominated in a basket of currencies. The fund 理，並根據投資守則將外幣
managers are encouraged to hedge their foreign 對沖為港元或美元。
currency exposures to HK dollar or US dollar in
accordance with the investment guidelines.

Hong Kong Housing Society Annual Report 2023/24 香港房屋協會 2023/24 年度年報 209