HKMA announced Exchange Fund total assets reached HK$4,390.7 billion as at 31 May 2026, with foreign currency assets rising by HK$39.8 billion.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On Tue, 30 Jun, the Hong Kong Monetary Authority ("HKMA") announced that the total assets of the Exchange Fund amounted to HK$4,390.7 billion as at 31 May 2026, HK$36.7 billion higher than that at the end of April 2026. Foreign currency assets increased by HK$39.8 billion while Hong Kong dollar assets decreased by HK$3.1 billion. The rise in foreign currency assets was mainly due to interest income and mark-to-market revaluation of investments, and proceeds from the issuance of Government Bonds, which were partly offset by a reduction in the month-end balances of unsettled purchase of securities. The decline in Hong Kong dollar assets was mainly due to mark-to-market revaluation of Hong Kong equities.
Annex 1: Abridged Balance Sheet of the Exchange Fund
Annex 2: Currency Board Account
Currency Board Account Analysis
The Currency Board Account showed that the Monetary Base at the end of May 2026 remained unchanged at HK$2,072.2 billion. The decrease in the outstanding amount of Certificates of Indebtedness was offset by amortisation of discount on Exchange Fund Bills and Notes issued. The amount of Backing Assets increased by HK$4.0 billion, or 0.2%, to HK$2,313.8 billion at the end of May 2026. The increase was mainly attributable to interest income from investments, which was partly offset by redemption of Certificates of Indebtedness and mark-to-market revaluation of investments. The Backing Ratio increased from 111.47% at the end of April 2026 to 111.66% at the end of May 2026.
Monthly Press Release Schedule
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 June 2026, the scheduled dates for issuing the press releases are as follows: 5 June (Issued) SDDS International Reserves (Hong Kong’s Latest Foreign Currency Reserve Assets Figures); 12 June (Issued) SDDS Analytical Accounts of the Central Bank (Analytical Accounts of the Exchange Fund); 30 June SDDS Template on International Reserves and Foreign Currency Liquidity; 30 June Exchange Fund Abridged Balance Sheet and Currency Board Account.
Hong Kong Monetary Authority 30 June 2026 *
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