Exchange Fund Abridged Balance Sheet and Currency Board Account
The Hong Kong Monetary Authority (HKMA) announced today (31 December)
that the total assets of the Exchange Fund amounted to HK$4,026.
7 billion as at 30 November 2024, HK$11. 6 billion higher than that at
the end of October 2024. Foreign currency assets increased by HK$19. 8
billion while Hong Kong dollar assets decreased by HK$8. 2 billion.
The rise in foreign currency assets was mainly due to mark-to-
market revaluation of investments, interest income from investments
and issuance of Certificates of Indebtedness, which were partly offset
by a reduction in the month-end balances of unsettled purchase of
securities. The decline in Hong Kong dollar assets was mainly due to
mark-to-market revaluation of Hong Kong equities.
The
Currency Board Account shows that the Monetary Base at the end of
November 2024 was HK$1,950. 1 billion, increased by HK$12. 4 billion,
or 0. 6%, from the end of October 2024. The increase was mainly due to
the increase in the outstanding amount of Certificates of Indebtedness
and amortisation of discount on Exchange Fund Bills and Notes issued.
The amount of Backing Assets increased by HK$19. 4 billion, or
0. 9%, to HK$2,141. 1 billion at the end of November 2024. The
increase was mainly attributable to interest income from investments,
the issuance of Certificates of Indebtedness and mark-to-market
revaluation of investments. The Backing Ratio increased from 109. 50%
at the end of October 2024 to 109. 79% at the end of November 2024.
Annex 1: Abridged Balance Sheet of the Exchange Fund Annex 2:
Currency Board Account
Hong Kong Monetary Authority 31
December 2024
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At present, four press releases relating to
the Exchange Fund’s data are issued by the HKMA each month. Three of
these releases are issued to disseminate monetary data in accordance
with the International Monetary Fund’s Special Data Dissemination
Standard (SDDS). The fourth press release, on the Exchange Fund’s
Abridged Balance Sheet and Currency Board Account, is made in
accordance with the HKMA’s policy of maintaining a high level of
transparency. For the month of December 2024, the scheduled dates for
issuing the press releases are as follows: 6 December (Issued) SDDS
International Reserves (Hong Kong’s Latest Foreign Currency Reserve
Assets Figures) 13 December (Issued) SDDS Analytical Accounts of the
Central Bank (Analytical Accounts of the Exchange Fund) 31 December
SDDS Template on International Reserves and Foreign Currency Liquidity
31 December Exchange Fund Abridged Balance Sheet and Currency Board
Account