FINANCIAL SERVICES | Staff Reporter, Singapore

Exchange fund assets up $40.1b in December

HKD assets were up $12.5b.

The Monetary Authority of Hong Kong announced that the Exchange Fund’s total assets amounted to $3.6299t at the end of December up $40.1b from the figure recorded in November.

Meanwhile, foreign currency assets increased by $27.6b, while Hong Kong dollar assets were up $12.5b.

The Monetary Base at the end of December rose $21.0b to $1.6419t while backing assets increased by $21.1b to $1.7518t.

This led to the decrease in backing ratio to 106.70%.

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