Exchange Fund Abridged Balance Sheet and Currency Board Account

On February 28, 2025, the Hong Kong Monetary Authority (HKMA) reported that the total assets of the Exchange Fund reached HK$4,111.9 billion as of January 31, 2025, marking an increase of HK$29.5 billion from December 2024. This rise included a HK$20.8 billion increase in foreign currency assets, primarily driven by the issuance of Certificates of Indebtedness and revaluation of investments, despite reductions in unsettled security purchases and maturing Government Green Bonds. Hong Kong dollar assets rose by HK$8.7 billion, mainly due to increased placements with banks. The Currency Board Account showed a Monetary Base of HK$1,995.0 billion, up HK$37.4 billion, reflecting seasonal demand for banknotes around Chinese New Year. Backing Assets also increased by HK$47.8 billion to HK$2,192.4 billion, raising the Backing Ratio from 109.56% to 109.90%. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/02/20250228-4/