HK Foreign Assets Increases 19.2 bln HK dollars in May

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Last updated at: (Beijing Time) Tuesday, June 17, 2003

HK Foreign Assets Increases 19.2 bln HK dollars in May

The Hong Kong Exchange Fund's foreign assets increased 19.2 billion HK dollars (2.46 billion US dollars) last month.

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The Hong Kong Exchange Fund's foreign assets increased 19.2 billion HK dollars (2.46 billion US dollars) last month.

According to the Monetary Authority Monday, foreign assets, representing the external assets of the Exchange Fund, amounted to857.5 billion by the end of May.

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 252.7 billion HK dollars (32.39 billion US dollars).

Claims on the private sector in Hong Kong amounted to 52 billion HK dollars (6.66 billion US dollars). Foreign liabilities,representing mainly obligations under repurchase agreements amounted to 4.7 billion HK dollars (602 million US dollars) by theend of May.

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