Exchange Fund finishes last month $5.4b further ahead

The Exchange Fund had an increase of HK$5.4 billion in foreign assets last month, according to the Hong Kong Monetary Authority. Foreign assets, representing the fund's external assets, were HK$861.7 billion. Meanwhile the monetary base - comprising certificates of indebtedness and coins on issue, the aggregate balance of the banking system and Exchange Fund bills and notes issued - was HK$220.4 billion. Claims on the private sector amounted to HK$50.1 billion, while foreign liabilities, representing mainly obligations under repurchase agreements, were HK$66.8 billion.