Published:
Exchange Fund loses HK$3.5 billion
Monetary base was HK$1.2 trillion.
The foreign assets of the Exchange Fund fell by HK$3.5 billion to HK$2.5 trillion in May compared to April, said the Monetary Authority.
The monetary base amounted to HK$1.2 trillion. This consists of certificates of indebtedness, government issued currency notes and coins in circulation, the aggregate balance and exchange fund bills and notes issued.
Claims on the private sector in Hong Kong amounted to HK$164.6 billion. Foreign liabilities, representing fees payable to the Exchange Fund's external managers, amounted to HK$200 million.
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