
Exchange Fund's December assets hit $2.8 trillion
HK dollar assets rose by $29.b.
According to the Monetary Authority, exchange Fund’s total assets amounted to $2.7822 trillion at the end of December, up $133.9 billion on November.
Foreign currency and Hong Kong Dollar assets increased by $104.5 billion and $29.4 billion.
The Monetary Base stood at $1.2173 trillion at the end of December, up $81.4 billion, or 7.2% on the end of November.
Backing Assets increased by $80.6 billion, or 6.5%, to $1.3155 trillion. The backing ratio decreased from 108.72% to 108.07% at the end of December.