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$542.1 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

 




October 31, 2019 - The Hong Kong Monetary Authority (HKMA) announced today that the total assets of the Exchange Fund amounted to HK$4,229.0 billion (US$542.1 billion) as at September 30, 2019. This is HK$66.1 billion (US$8.4 billion) higher than that at the end of August 2019. Hong Kong dollar assets increased by HK$78.0 billion (US$10 billion) while foreign currency assets decreased by HK$11.9 billion (US$1.5 billion).

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

The Currency Board Account shows that the Monetary Base at the end of September 2019 was HK$1,644.5 billion (US$210.8 billion), increased by HK$0.7 billion (US$89.7 million) from the end of August 2019. The rise was mainly due to amortization of discount on Exchange Fund Bills and Notes, which was partly offset by a decrease in the outstanding amount of Certificates of Indebtedness.

The Backing Assets increased by HK$0.7 billion (US$89.7 million) to HK$1,838.6 billion (US$235.7 billion). The increase was mainly attributable to interest from investments, which was partly offset by the decline in the market value of investments. At the end of September 2019, the backing ratio remained unchanged at 111.80 per cent.

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