On August 30, 2024, the Hong Kong Monetary Authority (HKMA) reported that the Exchange Fund’s total assets were HK$3,970.9 billion as of July 31, 2024, a decrease of HK$7.7 billion from June. This decline was driven by reductions in foreign currency and Hong Kong dollar assets, with the former affected by decreased securities purchases and the latter by lower equity valuations. The Monetary Base fell by 0.2% to HK$1,923.2 billion, primarily due to a drop in Certificates of Indebtedness. However, Backing Assets rose by 0.4% to HK$2,155.4 billion, increasing the Backing Ratio from 111.41% to 112.07%.
Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/08/20240830-3/