Hong Kong Monetary Authority publishes Exchange Fund balance sheet showing assets down to HK$4,070.2 billion and backing ratio at 109.78%

The Hong Kong Monetary Authority published the Exchange Fund’s abridged balance sheet and Currency Board Account for end-August 2025, showing total assets of HK$4,070.2 billion, down HK$32.4 billion from end-July. Foreign currency assets fell by HK$36.1 billion, mainly due to the sale of US dollars under the Currency Board arrangements, while Hong Kong dollar assets rose by HK$3.7 billion, mainly due to mark-to-market revaluation of Hong Kong equities. The Monetary Base decreased to HK$2,014.2 billion, down HK$28.4 billion or 1.4%, mainly due to the purchase of Hong Kong dollars under the Currency Board arrangements, partly offset by an increase in outstanding Certificates of Indebtedness. Backing Assets declined by HK$80.3 billion or 3.5% to HK$2,211.2 billion, reflecting a transfer from the Backing Portfolio to the Investment Portfolio under an arrangement approved by the Exchange Fund Advisory Committee and the sale of US dollars under the Currency Board arrangements, with the Backing Ratio moving to 109.78% from 112.19%. The HKMA also set out the September 2025 timetable for its four monthly Exchange Fund data press releases, including three releases for International Monetary Fund Special Data Dissemination Standard reporting.