The Hong Kong Monetary Authority published the Exchange Fund abridged balance sheet and Currency Board Account for end-December 2024, showing total Exchange Fund assets of HKD 4,082.4bn, up HKD 55.7bn from end-November. Hong Kong dollar assets increased by HKD 110.7bn while foreign currency assets decreased by HKD 55.0bn. The increase in Hong Kong dollar assets was mainly driven by a rise in Exchange Fund Bills and Notes issued but not yet settled at month end, while the decline in foreign currency assets was mainly due to lower month-end balances of unsettled purchases of securities and mark-to-market revaluation of investments. The Monetary Base rose to HKD 1,957.6bn, up HKD 7.4bn (0.4%), mainly reflecting amortisation of discount on Exchange Fund Bills and Notes and an increase in outstanding Certificates of Indebtedness; Backing Assets increased by HKD 3.6bn (0.2%) to HKD 2,144.6bn, and the Backing Ratio fell to 109.56% from 109.79%. The figures are unaudited and the Director of Audit’s audit of the Exchange Fund’s annual financial statements is in progress.
Hong Kong Monetary Authority 2025-01-28
Hong Kong Monetary Authority reports Exchange Fund assets rose to HKD 4,082.4bn and backing ratio eased to 109.56%
The Hong Kong Monetary Authority released the Exchange Fund abridged balance sheet and Currency Board Account for December 2024, reporting total assets of HKD 4,082.4 billion, an increase of HKD 55.7 billion from November. Hong Kong dollar assets rose by HKD 110.7 billion, while foreign currency assets fell by HKD 55.0 billion. The Monetary Base increased to HKD 1,957.6 billion, with the Backing Ratio decreasing to 109.56%.