Exchange fund foreign assets up $111.8 bln in November

The Exchange Fund's foreign assets grew to reach $2.3914 trillion.

According to Hong Kong Information Services Department, the Monetary Authority said that the monetary base amounted to $1.0308 trillion, a $1 billion fall on October. The decline was mainly due to a decrease in certificates of indebtedness.

Backing assets fell to $1.1144 trillion, mainly attributable to the redemption of certificates of indebtedness and revaluaton losses, which were partly offset by interest from investments.