The Hong Kong Monetary Authority published the Exchange Fund’s abridged balance sheet and Currency Board Account, reporting total Exchange Fund assets of HKD 4,285.6 billion as at 31 January 2026, up HKD 134.2 billion from end-December 2025. The Currency Board Account showed a Monetary Base of HKD 2,058.7 billion and a Backing Ratio of 110.74%. Foreign currency assets increased by HKD 107.0 billion, mainly reflecting higher month-end balances of unsettled purchases of securities, interest income, mark-to-market revaluation of investments, and issuance of Certificates of Indebtedness. Hong Kong dollar assets rose by HKD 27.2 billion, driven primarily by increased placements with banks and mark-to-market revaluation of Hong Kong equities. The Monetary Base grew by HKD 18.7 billion (0.9%), mainly due to higher outstanding Certificates of Indebtedness linked to seasonal banknote demand around Chinese New Year and amortisation of discount on Exchange Fund Bills and Notes, while Backing Assets increased by HKD 28.9 billion (1.3%) to HKD 2,279.8 billion. The HKMA also reiterated that it issues four Exchange Fund data press releases each month, including three releases disseminated in accordance with the International Monetary Fund’s Special Data Dissemination Standard.