The Hong Kong Monetary Authority published the Exchange Fund’s abridged balance sheet and Currency Board Account for end-October 2025, showing total Exchange Fund assets of HKD 4,117.6 billion, down HKD 34.6 billion from end-September. Hong Kong dollar assets fell while foreign currency assets rose, and the Currency Board metrics showed a higher Monetary Base, Backing Assets and Backing Ratio. Hong Kong dollar assets decreased by HKD 92.6 billion, mainly reflecting a lower amount of Exchange Fund Bills and Notes issued but not yet settled at month end and mark-to-market revaluation of Hong Kong equities. Foreign currency assets increased by HKD 58.0 billion, mainly due to higher month-end balances of unsettled purchase of securities and interest income from investments. The Monetary Base increased by HKD 6.5 billion to HKD 2,026.7 billion, driven by a higher outstanding amount of Certificates of Indebtedness and amortisation of discount on Exchange Fund Bills and Notes; Backing Assets rose by HKD 9.0 billion to HKD 2,227.1 billion and the Backing Ratio increased to 109.89% from 109.80%. The HKMA noted it issues four Exchange Fund-related data releases each month, including three releases under the International Monetary Fund’s Special Data Dissemination Standard and a fourth release covering the abridged balance sheet and Currency Board Account as part of its transparency policy.
Hong Kong Monetary Authority 2025-11-28
Hong Kong Monetary Authority reports Exchange Fund assets fell to HKD 4,117.6 billion and backing ratio rose to 109.89% at end-October 2025
The Hong Kong Monetary Authority released the Exchange Fund’s abridged balance sheet and Currency Board Account for October 2025, reporting total assets of HKD 4,117.6 billion, a decrease of HKD 34.6 billion from September. Hong Kong dollar assets fell by HKD 92.6 billion, while foreign currency assets rose by HKD 58.0 billion. The Monetary Base increased to HKD 2,026.7 billion, with Backing Assets and the Backing Ratio also rising.