GCC Capital

Exchange Fund Abridged Balance Sheet and Currency Board Account

As of 30 November 2024, the total assets of the Exchange Fund reached HK$4,026.7 billion, an increase of HK$11.6 billion from October. Foreign currency assets rose by HK$19.8 billion due to investment revaluation, interest income, and the issuance of Certificates of Indebtedness, while Hong Kong dollar assets fell by HK$8.2 billion due to revaluation of local equities. The Monetary Base grew by 0.6% to HK$1,950.1 billion, driven by higher Certificates of Indebtedness and amortization of discounts on Exchange Fund instruments. Backing Assets increased by HK$19.4 billion to HK$2,141.1 billion, raising the Backing Ratio from 109.50% to 109.79%.

Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/12/20241231-5/

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