Hong Kong's exchange fund foreign assets fell $27.8b

Foreign liabilities came in at $300m.

According to the Monetary Authority, Exchange Fund foreign assets amounted to $2.5119 trillion at the end of March, down $27.8 billion on the previous month.

The Monetary Base, comprising Certificates of Indebtedness, Government-issued currency notes and coins in circulation, the Aggregate Balance and Exchange Fund Bills and Notes issued, amounted to $1.2423 trillion.

Claims on the private sector in Hong Kong amounted to $181.6 billion.

Foreign liabilities, representing fees payable to the fund's external managers, amounted to $300 million.