The Hong Kong Monetary Authority (HKMA) announced today (Friday) that the total assets of the Exchange Fund amounted to HK$4,500.8 billion as at 31 December 2020, HK$49.0 billion higher than that at the end of November 2020. Foreign currency assets increased by HK$40.3 billion and Hong Kong dollar assets increased by HK$8.7 billion.

The rise in foreign currency assets was mainly due to the mark-to-market revaluation on foreign currency investments and an increase in unsettled purchase of securities. The rise in Hong Kong dollar assets was mainly due to the mark-to-market revaluation on Hong Kong equities.

The Currency Board Account shows that the Monetary Base at the end of December 2020 was HK$2,098.0 billion, decreased by HK$11.6 billion, or 0.5%, from the end of November 2020. The decline was mainly due to a decrease in the outstanding amount of Certificates of Indebtedness.

The amount of Backing Assets decreased by HK$10.4 billion, or 0.4%, to HK$2,306.3 billion. The decrease was mainly attributable to the redemption of Certificates of Indebtedness. The backing ratio increased from 109.82% at the end of November 2020 to 109.93% at the end of December 2020.

The figures in the Exchange Fund Abridged Balance Sheet and the Currency Board Account are unaudited. The audit of the Exchange Fund’s annual financial statements by the Director of Audit is in progress.

 

Annex 1: Abridged Balance Sheet of the Exchange Fund
Annex 2: Currency Board Account

 

Hong Kong Monetary Authority
29 January 2021

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At present, four press releases relating to the Exchange Fund’s data are issued by the HKMA each month. Three of these releases are issued to disseminate monetary data in accordance with the International Monetary Fund’s Special Data Dissemination Standard (SDDS). The fourth press release, on the Exchange Fund’s Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA’s policy of maintaining a high level of transparency. For the month of January 2021, the scheduled dates for issuing the press releases are as follows:

7 January
(Issued)

SDDS International Reserves
(Hong Kong’s Latest Foreign Currency Reserve Assets Figures)

14 January
(Issued)

SDDS Analytical Accounts of the Central Bank (Analytical Accounts of the Exchange Fund)

29 January

SDDS Template on International Reserves and Foreign Currency Liquidity

29 January

Exchange Fund Abridged Balance Sheet and Currency Board Account



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