At the end of November, Hong Kong Exchange Fund's total assets stood at 1.074 trillion HK dollars (137.69 billion US dollars), 43.3 billion HK dollars higher than the month before.

Hong Kong Monetary Authority said Friday that foreign currency assets and Hong Kong dollar assets rose 34.4 billion HK dollars and 8.9 billion HK dollars respectively in November.

The rise in foreign currency assets was mainly due to an increase in the purchase of securities, but settled in the following month, purchases of foreign currencies with Hong Kong dollars, income from foreign currency assets and valuation gains on foreign currency investments, the Monetary Authority said.

According to the Monetary Authority, the rise in Hong Kong dollar assets was mainly due to an increase in the balance of the banking system, placements received from fiscal reserves and valuation gains in the market value of Hong Kong equities held by the Exchange Fund.

These increases were partly offset by a drop in bank borrowingsand the sale of Hong Kong dollars for foreign currencies.

Source: Xinhua