Analytical Accounts of the Exchange Fund

On Tue, 14 Apr, the Hong Kong Monetary Authority ("HKMA") disclosed the key analytical accounts of the Exchange Fund as at the end of March 2026. During the month, external assets of the Exchange Fund contracted by HK$59.5 billion to HK$3,570.6 billion. The Monetary Base, consisting of Certificates of Indebtedness, government-issued currency notes and coins in circulation, the banking system balance, and Exchange Fund Bills and Notes issued, totalled HK$2,065.0 billion. Claims on the private sector in Hong Kong stood at HK$393.5 billion, while foreign liabilities were recorded at HK$78.8 billion.

Regulatory Framework and Compliance Standards

The analytical accounts were published pursuant to the International Monetary Fund’s Special Data Dissemination Standard ("SDDS"), referred to as the Analytical Accounts of the Central Bank under SDDS (Annex). Currently, the HKMA issues four press releases monthly regarding the Exchange Fund. Three releases disseminate monetary data in compliance with the IMF’s Special Data Dissemination Standard ("SDDS"), while the fourth release, concerning the Exchange Fund’s Abridged Balance Sheet and Currency Board Account, adheres to the HKMA’s policy of maintaining a high level of transparency.

April 2026 Press Release Schedule

For the month of April 2026, the scheduled dates for issuing the press releases are as follows: the SDDS International Reserves (Hong Kong’s Latest Foreign Currency Reserve Assets Figures) was issued on 9 April; the SDDS Analytical Accounts of the Central Bank (Analytical Accounts of the Exchange Fund) was released on 14 April; the SDDS Template on International Reserves and Foreign Currency Liquidity is scheduled for 30 April; and the Exchange Fund Abridged Balance Sheet and Currency Board Account is also scheduled for 30 April.