HKMA announced Exchange Fund total assets of HK$4,463.6 billion as at 30 June 2026, with Monetary Base at HK$2,075.0 billion and Backing Ratio at 111.84%. Press release schedule for July 2026 detailed.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On Fri, 31 Jul, the Hong Kong Monetary Authority ("HKMA") disclosed that the total assets of the Exchange Fund amounted to HK$4,463.6 billion as at 30 June 2026, representing an increase of HK$72.9 billion from the end of May 2026. Hong Kong dollar assets increased by HK$84.7 billion, primarily attributable to Exchange Fund Bills and Notes issued but not yet settled at month-end, which was partly offset by mark-to-market revaluation of Hong Kong equities. Foreign currency assets decreased by HK$11.8 billion, mainly due to withdrawals of Fiscal Reserves placements, partially offset by an increase in repurchase agreements outstanding and interest income from investments.
Currency Board Account Status
The Currency Board Account indicates that the Monetary Base at the end of June 2026 was HK$2,075.0 billion, growing by HK$2.8 billion, or 0.1%, from the end of May 2026. This growth was primarily driven by the amortisation of discount on Exchange Fund Bills and Notes issued and an increase in the market value of Exchange Fund Bills and Notes outstanding. The amount of Backing Assets increased by HK$6.8 billion, or 0.3%, to HK$2,320.6 billion at the end of June 2026, mainly attributable to interest income from investments, which was partly offset by mark-to-market revaluation of investments. Consequently, the Backing Ratio increased from 111.66% at the end of May 2026 to 111.84% at the end of June 2026.
Disclosure and Reporting Schedule
Annex 1 (Abridged Balance Sheet of the Exchange Fund) and Annex 2 (Currency Board Account) are referenced herein. Currently, the HKMA issues four press releases relating to the Exchange Fund’s data each month, with three disseminating monetary data in accordance with the International Monetary Fund’s Special Data Dissemination Standard ("SDDS"). The fourth release, regarding the 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 July 2026, the scheduled dates for issuing the press releases are as follows: 7 July (Issued: SDDS International Reserves), 14 July (Issued: SDDS Analytical Accounts), 31 July (SDDS Template on International Reserves and Foreign Currency Liquidity), and 31 July (Exchange Fund Abridged Balance Sheet and Currency Board Account).
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