Hong Kong's Exchange Fund Foreign Assets Expands 2.91 Billion USD in April

Hong Kong's Exchange Fund foreign assets rose 22.7 billion HK dollars (2.91 billion U.S. dollars) in April to 1.21 trillion HK dollars (155.13 billion U.S. dollars), revealed the Monetary Authority Wednesday.

The Monetary Base, comprising Certificates of Indebtedness, government issued currency notes and coins in circulation, the Aggregate Balance of the banking system and Exchange Fund Bills and Notes issued, amounted to 326.2 billion HK dollars (41.82 billion U.S. dollars).

Claims on the private sector in Hong Kong stood at 68 billion HK dollars (8.72 billion U.S. dollars). Foreign liabilities, representing mainly obligations under repurchase agreements, were 1.7 billion HK dollars (218 million U.S. dollars), according to the Monetary Authority, the city's de facto central bank.

Source: CRIEnglish