The Hong Kong Monetary Authority (HKMA) announced today (31 August) that the total assets of the Exchange Fund amounted to HK$4,403.7 billion as at 31 July 2026, HK$59.9 billion lower than that at the end of June 2026. Hong Kong dollar assets decreased by HK$77.2 billion while foreign currency assets increased by HK$17.3 billion.
The decline in Hong Kong dollar assets was mainly due to the decrease in Exchange Fund Bills and Notes issued but not yet settled at month end, which was partly offset by mark-to-market revaluation of Hong Kong equities. The rise in foreign currency assets was mainly due to the increase in currency swap and interest income from investments, which were partly offset by mark-to-market revaluation of investments.
The Currency Board Account shows that the Monetary Base at the end of July 2026 was HK$2,080.1 billion, grew by HK$5.1 billion, or 0.2% from the end of June 2026. The growth was mainly due to the amortisation of discount on Exchange Fund Bills and Notes issued and the increase in the outstanding amount of Certificates of Indebtedness.
The amount of Backing Assets increased by HK$6.2 billion, or 0.3%, to HK$2,326.8 billion at the end of July 2026. The increase was mainly attributable to interest income from investments and the issuance of Certificates of Indebtedness, which were partly offset by mark-to-market revaluation of investments. The Backing Ratio increased from 111.84% at the end of June 2026 to 111.86% at the end of July 2026.
Annex 1: Abridged Balance Sheet of the Exchange Fund
Annex 2: Currency Board Account
Hong Kong Monetary Authority
31 August 2026
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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 August 2026, the scheduled dates for issuing the press releases are as follows:
7 August
(Issued) |
SDDS International Reserves
(Hong Kong’s Latest Foreign Currency Reserve Assets Figures) |
14 August
(Issued) |
SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund) |
| 31 August |
SDDS Template on International Reserves and
Foreign Currency Liquidity |
| 31 August |
Exchange Fund Abridged Balance Sheet and
Currency Board Account |
