Exchange Fund Abridged Balance Sheet and Currency Board Account
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The Hong Kong Monetary Authority (HKMA) announced today (June 30) that the total assets of the Exchange Fund amounted to HK$4,159.5 billion as at May 31, 2025, HK$186.2 billion higher than that at the end of April 2025. Foreign currency assets increased by HK$208.1 billion while Hong Kong dollar assets decreased by HK$21.9 billion.
The rise in foreign currency assets was mainly due to the purchase of US dollars under the Currency Board arrangements and mark-to-market revaluation of investments. The decline in Hong Kong dollar assets was mainly due to a decrease in placements with banks, which was partly offset by mark-to-market revaluation of Hong Kong equities.
The Currency Board Account shows that the Monetary Base at the end of May 2025 was HK$2,124.9 billion, increased by HK$142.2 billion, or 7.2 per cent, from the end of April 2025. The increase was mainly due to the sale of HK dollars under the Currency Board arrangements.
The amount of Backing Assets increased by HK$162.8 billion, or 7.4 per cent, to HK$2,356.2 billion at the end of May 2025. The increase was mainly attributable to the purchase of US dollars under the Currency Board arrangements and translation effect of foreign currency investments into Hong Kong dollars. The Backing Ratio increased from 110.62 per cent at the end of April 2025 to 110.88 per cent at the end of May 2025.
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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 June 2025, the scheduled dates for issuing the press releases are as follows:
| June 6 (Issued) |
SDDS International Reserves (Hong Kong's Latest Foreign Currency Reserve Assets Figures) |
| June 13 (Issued) |
SDDS Analytical Accounts of the Central Bank (Analytical Accounts of the Exchange Fund) |
| June 30 | SDDS Template on International Reserves and Foreign Currency Liquidity |
| June 30 | Exchange Fund Abridged Balance Sheet and Currency Board Account |
Ends/Monday, June 30, 2025
Issued at HKT 17:15
Issued at HKT 17:15
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