The Hong Kong Exchange Fund's total assets rose 50.3 billion HK dollars to 1.119 trillion HK dollars ( 0.14 trillion U.S. dollars) in January as the city's economy back on the right track, Hong Kong's Monetary Authority said Friday.

It said both foreign currency assets and Hong Kong dollar assets rose respectively by 32.5 billion HK dollars and 17.8 billion HK dollars.

The rise in foreign currency assets was due mainly to an increase in Certificates of Indebtedness, valuation gains on foreign currency investments together with interest and dividends from foreign currency assets.

The rise in Hong Kong dollar assets was due mainly to placements received from fiscal reserves and valuation gains in the market value of Hong Kong equities held by the Exchange Fund.

Source: Xinhua