, Hong Kong

November Exchange Fund foreign assets drop $100mn

The Monetary Base reached $1.0602tn while claims on the private sector amounted to $143.5bn.

The Exchange Fund's foreign assets shrunk by $100 million in November, to $2.1699 trillion, the Monetary Authority said Wednesday.

The Monetary Base, comprising Certificates of Indebtedness, government issued currency notes and coins in circulation, the Aggregate Balance and Exchange Fund Bills and Notes issued, amounted to $1.0602 trillion.

Claims on the private sector in Hong Kong amounted to $143.5 billion.

Foreign liabilities, representing fees payable to the Exchange Fund’s external managers, amounted to $200 million.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Gov’t tightens scaffold net rules after Tai Po fire
Construction sites are monitored; authorities enforce safety regulations strictly.
Land prices exceed 30% in H2 as developers regain appetite: JLL
Developers have regained their appetite for land acquisition and confidence in the residential market.
Residential
Monetary Authority lowers base rate to 4%
The decrease followed a 25-basis point downward adjustment in the US federal funds target.
Economy