The Hong Kong Monetary Authority published the Exchange Fund’s abridged balance sheet and Currency Board Account for May 2026, showing total assets of HKD 4,390.7 billion at 31 May, up HKD 36.7 billion from end-April. The increase was driven by a HKD 39.8 billion rise in foreign currency assets, while Hong Kong dollar assets fell HKD 3.1 billion. The increase in foreign currency assets mainly reflected interest income, mark-to-market revaluation of investments and proceeds from Government Bond issuance, partly offset by lower month-end balances of unsettled securities purchases. The decline in Hong Kong dollar assets mainly reflected mark-to-market revaluation of Hong Kong equities. In the Currency Board Account, the Monetary Base was unchanged at HKD 2,072.2 billion at end-May, as a fall in Certificates of Indebtedness was offset by amortisation of discount on Exchange Fund Bills and Notes issued. Backing Assets rose HKD 4.0 billion, or 0.2%, to HKD 2,313.8 billion, and the Backing Ratio increased to 111.66% from 111.47% at end-April.
Hong Kong Monetary Authority2026-06-30
Hong Kong Monetary Authority reports Exchange Fund assets rose to HKD 4.39 trillion at end-May while Backing Ratio increased
The Hong Kong Monetary Authority reported that the Exchange Fund’s total assets rose to HKD 4,390.7 billion at 31 May 2026, up HKD 36.7 billion from end-April. Foreign currency assets increased, while Hong Kong dollar assets declined. The Monetary Base was unchanged at HKD 2,072.2 billion, and the Backing Ratio rose to 111.66%.