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

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

Exchange Fund at US$570.7 billion


For more information, please contact

Melissa Ng in New York City: (212) 752 3320
Wing Yan Tong in San Francisco: (415) 835 9315

Daniel McAtee in Washington, D.C.: (202) 238 6360

December 31, 2020 - The Hong Kong Monetary Authority (HKMA) announced today (December 31) that the total assets of the Exchange Fund amounted to HK$4,451.8 billion (US$570.7 billion) as at November 30, 2020. This is HK$14.4 billion (US$1.8 billion) lower than that at the end of October 2020. 

Foreign currency assets decreased by HK$29.6 billion (US$3.7 billion) while Hong Kong dollar assets increased by HK$15.2 billion (US$1.9 billion).

The decline in foreign currency assets was mainly due to a decrease in unsettled purchase of securities, which was partly offset by the mark-to-market revaluation on foreign currency investments. The rise in Hong Kong dollar assets was mainly due to the mark-to-market revaluation on Hong Kong equities.

The Currency Board Account shows that the Monetary Base at the end of November 2020 was HK$2,109.6 billion (US$270.4 billion), increased by HK$0.6 billion (US$76 million) from the end of October 2020. The rise was mainly due to the issuance of Certificates of Indebtedness.

Backing Assets increased by HK$0.7 billion (US$89 million) to HK$2,316.7 billion (US$297 billion). The increase was mainly attributable to the issuance of Certificates of Indebtedness. The backing ratio increased from 109.81 per cent at the end of October 2020 to 109.82 per cent at the end of November 2020.

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