Exchange Fund foreign assets up to over HK$2 trillion

External assets of the Exchange Fund increased by HK$33b as of end of August.

The Hong Kong Monetary Authority released the key analytical accounts of the Exchange Fund at the end of August 2011, reporting a total of HK$2.177 trillion in foreign assets.

Meanwhile 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 HK$1,055.0 billion.

HKMA said claims on the private sector in Hong Kong amounted to HK$102.7 billion while foreign liabilities, which represent obligations under repurchase agreements and fees payable to the Exchange Fund’s external managers, amounted to HK$0.3 billion.