HK's exchange fund at 3.152 tln HKD in December 2014
Xinhua, January 30, 2015 Adjust font size:
The Hong Kong Monetary Authority (HKMA) said on Friday that the total assets of the Exchange Fund amounted to 3.1521 trillion HK dollars (about 406.73 billion U.S. dollars) as of Dec. 31, 2014.
The amount was 74.7 billion HK dollars lower than that at the end of November 2014, the authority said.
The foreign currency assets decreased by 36.5 billion HK dollars and Hong Kong dollar assets decreased by 38.2 billion HK dollars.
The decline in foreign currency assets was mainly due to the maturity of a foreign currency swap, exchange losses on foreign currency investments and a decrease in unsettled purchases of securities. These decreases were partly offset by the purchase of foreign currencies with Hong Kong dollars.
The decline in Hong Kong dollar assets was mainly due to the sale of Hong Kong dollars for foreign currencies, which was partly offset by placements received from the fiscal reserves.
The Currency Board Account shows that the Monetary Base at the end of December 2014 was 1.3454 trillion HK dollars, increased by 2.3 billion HK dollars, or 0.2 percent, from the end of November 2014. The rise was mainly due to an increase in the outstanding amount of Certificates of Indebtedness. Endi