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FINANCIAL SERVICES | Staff Reporter, Hong Kong

Exchange Fund assets balloon to $3.6t in January

It soared from $83.5m.

External assets of the Exchange Funds ballooned $83.5m to a whopping $3.6t in January, according to a press release from the Hong Kong Monetary Authority. 

The Monetary Base, which is composed of Certificates of Indebtedness, Government issued currency notes and coins in circulation, the balance of the banking system and Exchange Fund Bills and Notes issued, amounted to $1.7t.

Claims on the private sector in Hong Kong amounted to $246.3b whilst foreign liabilities or fees payable to the Exchange Fund’s external managers, was valued at $500m.

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