HK Exchange Fund foreign assets down 13.9 billion HK dollars

Hong Kong Monetary Authority Tuesday said the Exchange Fund's foreign assets amounted to HK 856.7 billion HK dollars (about 109.97 billion US dollars) at the end of August, down 13.9 billion (about 1.78 billion US dollars) to the end of July.

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 about 35.65 billion US dollars.

Claims on the private sector in Hong Kong amounted to $67.6 billion (about 8.68 billion US dollars).

Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to about 0.76 billion US dollars.

Source: Xinhua