The HKMA released the Exchange Fund Abridged Balance Sheet and Currency Board Account for October 2025. Total assets decreased by HK$34.6 billion to HK$4,117.6 billion due to a drop in Hong Kong dollar assets. Foreign currency assets increased by HK$58.0 billion. The Monetary Base increased by 0.3% to HK$2,026.7 billion, mainly due to Certificates of Indebtedness and amortization of discounts.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
SFC Regulation of Virtual Asset Trading Platforms: The Emerging Hong Kong Framework
SFC proposes new regulation of virtual assets through licensing of operators of cryptocurrency and other digital asset trading platforms
Market Misconduct Tribunal: A Guide to Penalties and Other Consequences for Misuse of Insider Information
Market Misconduct Tribunal proceedings for mishandling of insider information can result in fines and disgorgement orders
SPOTLIGHT ON
FAMILY OFFICES
The Hong Kong Monetary Authority ("HKMA") disclosed on 28 November 2025 that the total assets of the Exchange Fund, as of 31 October 2025, stood at HK$4,117.6 billion, a decrease of HK$34.6 billion from the end of September 2025.
During this period, the value of Hong Kong dollar assets decreased by HK$92.6 billion, while foreign currency assets rose by HK$58.0 billion. The decline in Hong Kong dollar assets was attributed to a reduction in unsettled Exchange Fund Bills and Notes issued and the revaluation of Hong Kong equities. The increase in foreign currency assets was mainly driven by higher balances of unsettled securities purchases and investment interest income.
The Currency Board Account showed an increase in the Monetary Base to HK$2,026.7 billion as of 31 October 2025, up by HK$6.5 billion or 0.3% compared to September 2025. The increase was primarily due to increased Certificates of Indebtedness and amortization of discounts on Exchange Fund Bills and Notes.
The amount of Backing Assets rose by HK$9.0 billion to HK$2,227.1 billion, primarily due to interest income from investments. Consequently, the Backing Ratio improved from 109.80% to 109.89%.
The HKMA issues four press releases each month, with three aligned to the International Monetary Fund’s Special Data Dissemination Standard ("SDDS") and one dedicated to the Exchange Fund’s Abridged Balance Sheet and Currency Board Account for transparency purposes. The scheduled release dates for November 2025 are 7 November for SDDS International Reserves, 14 November for SDDS Analytical Accounts of the Central Bank, 28 November for SDDS Template on International Reserves and Foreign Currency Liquidity, and 28 November for the Exchange Fund Abridged Balance Sheet and Currency Board Account.
View the full article:Source
