Exchange Fund Abridged Balance Sheet and Currency Board Account

Press Releases

30 Dec 2022

Exchange Fund Abridged Balance Sheet and Currency Board Account

The Hong Kong Monetary Authority (HKMA) announced today (30 December) that the total assets of the Exchange Fund amounted to HK$4,015.4 billion as at 30 November 2022, HK$94.5 billion higher than that at the end of October 2022.  Foreign currency assets increased by HK$61.6 billion and Hong Kong dollar assets increased by HK$32.9 billion.

The rise in foreign currency assets was mainly due to the mark-to-market revaluation on investments and the increase in the month-end balances of unsettled purchase of securities, which were partly offset by the redemption of Certificates of Indebtedness.  The rise in Hong Kong dollar assets was mainly due to the mark-to-market revaluation on Hong Kong equities. 

The Currency Board Account shows that the Monetary Base at the end of November 2022 was HK$1,892.6 billion, decreased by HK$9.7 billion, or 0.5%, from the end of October 2022.  The decline was mainly due to a decrease in the outstanding amount of Certificates of Indebtedness and the purchase of HK dollars under the Currency Board arrangements.

The amount of Backing Assets decreased by HK$9.2 billion, or 0.4%, to HK$2,088.6 billion at the end of November 2022.  The decrease was mainly attributable to the redemption of Certificates of Indebtedness and the sale of US dollars under the Currency Board arrangements.  The backing ratio increased from 110.27% at the end of October 2022 to 110.35% at the end of November 2022.

 

Annex 1: Abridged Balance Sheet of the Exchange Fund
Annex 2: Currency Board Account

 

Hong Kong Monetary Authority
30 December 2022

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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 2022, the scheduled dates for issuing the press releases are as follows:

7 December
(Issued)

SDDS International Reserves
(Hong Kong’s Latest Foreign Currency Reserve Assets Figures)

14 December
(Issued)

SDDS Analytical Accounts of the Central Bank (Analytical Accounts of the Exchange Fund)

30 December

SDDS Template on International Reserves and Foreign Currency Liquidity

30 December

Exchange Fund Abridged Balance Sheet and Currency Board Account

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Last revision date : 30 December 2022