Exchange Fund Abridged Balance Sheet and Currency Board Account

The Hong Kong Monetary Authority (HKMA) reported that the total assets of the Exchange Fund stood at HK$4,015.0 billion as of October 31, 2024, a decrease of HK$118.8 billion from the previous month. The drop was attributed to a decline in Hong Kong dollar assets (HK$105.0 billion) and foreign currency assets (HK$13.8 billion), driven by unsettled Exchange Fund Bills and Notes and mark-to-market investment revaluations, respectively. The Monetary Base decreased by HK$3.7 billion (0.2%) due to reduced Certificates of Indebtedness, while Backing Assets fell by HK$7.7 billion (0.4%) to HK$2,121.7 billion, lowering the Backing Ratio from 109.68% to 109.50%.

Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/11/20241129-3/