The foreign assets of the Exchange Fund surged by 2.8 billion HK dollars (358.97 million U.S. dollars) in June, reaching 934.4 billion HK dollars (119.79 billion U.S. dollars), Hong Kong's Monetary Authority said Friday.

The Monetary Base, comprising certificates of indebtedness, government issued currency notes and coins in circulation, the banking system's aggregate balance and the Exchange Fund bills and notes issued, hit 287.6 billion HK dollars (36.87 billion U.S. dollars).

Claims on the private sector in Hong Kong stood at 50.2 billion HK dollars (6.44 billion U.S. dollars), while foreign liabilities, representing mainly obligations under repurchase agreements, amounted to 1.7 billion HK dollars (217.95 million U.S. dollars).

Source: Xinhua