Hong Kong Economic and Trade Office, USA
Hong Kong
News Release

The following is issued on behalf of the Hong Kong Monetary Authority:

Hong Kong Exchange Fund at US$536.9 billion


For more information, please contact

Melissa Ng in New York City: (212) 752 3320
Daniel McAtee in Washington, D.C.: (202) 238 6360
Wing Yan Tong in San Francisco: (415) 835 9315


November 29, 2019 - The Hong Kong Monetary Authority (HKMA) announced today that the total assets of the Exchange Fund amounted to US$536.9 billion (HK$4,188.0 billion) as at October 31, 2019. This is US$5.2 billion (HK$41.0 billion) lower than that at the end of September 2019. Hong Kong dollar assets decreased by US$8.9 billion (HK$69.9 billion) while foreign currency assets increased by US$3.7 billion (HK$28.9 billion).

The decline in Hong Kong dollar assets was mainly due to a decrease in Exchange Fund Bills and Notes issued but not yet settled. The rise in foreign currency assets was mainly due to an increase in unsettled purchases of securities and income from foreign currency investments.

The Currency Board Account shows that the Monetary Base at the end of October 2019 was US$211 billion (HK$1,646.3 billion), increased by US$217 million (HK$1.7 billion), or 0.1 per cent, from the end of September 2019. The rise was mainly due to amortization of discount on Exchange Fund Bills and Notes.

The Backing Assets increased by US$512 million (HK$4.0 billion), or 0.2 per cent, to US$236 billion (HK$1,842.5 billion). The increase was mainly attributable to interest from investments. The backing ratio increased from 111.80 per cent at the end of September 2019 to 111.92 per cent at the end of October 2019.

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