Exchange Fund foreign assets down 23.7 billion HK dollars

Hong Kong Exchange Fund foreign assets fell 23.7 billion Hong Kong dollars (3.04 billion US dollars) in March to 878.7 billion HK dollars (112.6 billion US dollars), Hong Kong Monetary Authority said Thursday.

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, stood at 286.5 billion HK dollars (36.73 billion US dollars), according to a government press release Thursday.

Claims on the private sector in Hong Kong reached 76.8 billion HK dollars (9.85 billion US dollars). Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to 1.4 billion HK dollars (179 million US dollars).

Source: Xinhua