Exchange Fund Abridged Balance Sheet and Currency Board Account
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) announced today (July 31) that the total assets of the Exchange Fund amounted to HK$4,297.1billion as at June 30, 2025, HK$137.7 billion higher than that at the end of May 2025. Hong Kong dollar assets increased by HK$88.5 billion and foreign currency assets increased by HK$49.2 billion.
The rise in Hong Kong dollar assets was mainly due to the increase in Exchange Fund Bills and Notes issued but not yet settled at month end. The rise in foreign currency assets was mainly due to interest income, mark-to-market revaluation of investments, and the proceeds from the issuance of Government Green Bonds, which were partly offset by the sale of US dollars under the Currency Board arrangements.
The Currency Board Account shows that the Monetary Base at the end of June 2025 was HK$2,120.2 billion, decreased by HK$4.7 billion, or 0.2 per cent, from the end of May 2025. The decline was mainly due to the purchase of HK dollars under the Currency Board arrangements, which was partly offset by increase in the outstanding amount of Certificates of Indebtedness and the amortisation of discount on Exchange Fund Bills and Notes issued.
The amount of Backing Assets increased by HK$8.6 billion, or 0.4 per cent, to HK$2,364.8 billion at the end of June 2025. The increase was mainly attributable to interest income, mark-to-market revaluation of investments, and the issuance of Certificates of Indebtedness, which were partly offset by the sale of US dollars under the Currency Board arrangements. The Backing Ratio increased from 110.88per cent at the end of May 2025 to 111.54per cent at the end of June 2025.
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At present, four press releases relating to the Exchange Fund's data are issued by the HKMA each month. Three of these releases are issued to disseminate monetary data in accordance with the International Monetary Fund's Special Data Dissemination Standard (SDDS). The fourth press release, on the Exchange Fund's Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA's policy of maintaining a high level of transparency. For the month of July 2025, the scheduled dates for issuing the press releases are as follows:
July 7
(Issued) |
SDDS International Reserves
(Hong Kong's Latest Foreign Currency Reserve Assets Figures) |
July 14
(Issued) |
SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund) |
July 31 |
SDDS Template on International Reserves and
Foreign Currency Liquidity |
July 31 |
Exchange Fund Abridged Balance Sheet and
Currency Board Account |
Source: AI-found images
Speech by SITI at 2026 WAIC UP! Global Summit
Following is the speech by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at the 2026 WAIC UP! Global Summit today (January 16):
Professor Sun Dong, Photo by Bastille Post
Ms Qiu (Vice President of DLG Exhibitions & Events Co Ltd, Ms Qiu Haoming), Hendrick (Hong Kong Special Administrative Region's Deputy to the 14th National People's Congress, Mr Hendrick Sin), Terry (Chief Executive Officer of Hong Kong Science and Technology Parks Corporation, Mr Terry Wong), Duncan (Member of the Legislative Council, Mr Duncan Chiu), Alex (President of the Hong Kong Information Technology Federation, Dr Alex Chung), distinguished guests, ladies and gentlemen,
Good morning. I am delighted to join you at the 2026 WAIC UP! Global Summit.Today's theme, "Wake Up More!", is a call not only for any single company, city, or country but also a timely reminder for all of us to embrace a new era of intelligence, possibility, and shared responsibility.
A big thank you to the organiser for choosing Hong Kong as a destination for this remarkable Summit. This is another testament to Hong Kong's unique position as a "super connector" and a "super value-adder" that thrives on global connection and creativity. We are delighted to see that world-class academics, industry experts and leading entrepreneurs from around the world gather here today to explore the future of AI and the opportunities it brings to us.
AI has become a core engine driving global technological and economic progress, and all economies recognise its strategic importance.Under the unique advantages of "one country, two systems", Hong Kong is also seizing this AI moment.With a focus on "strengthening infrastructure and promoting the application-oriented approach", Hong Kong is steadily advancing a series of AI initiatives.
In terms of R&D (research and development), the Hong Kong Special Administrative Region (SAR) Government is working to establish the Hong Kong AI Research and Development Institute within this year, which is a new engine for discovery, translation, and real-world impact.Through our AIR@InnoHK research cluster, we have funded the establishment of 16 R&D laboratories focusing on AI and robotics technologies.Notably, the "HKChat" AI chatbot developed by the Hong Kong Generative AI Research and Development Center has already launched its public version.
Hong Kong's total computing power has now reached 5 000 PFLOPS, with the Cyberport AI Supercomputing Centre contributing 3 000 PFLOPS. This centre is a critical hub that supports Hong Kong's AI development, and its capacity will continue to expand to meet growing demand. The upcoming data facility cluster at Sandy Ridge in North District will further provide advanced computing power facilities, promoting the development of data and AI-related industries in Hong Kong.
And at the heart of all progress is talent. We recognise that people, not algorithms, will shape the future of AI. Our strategy is simple yet powerful: "Promote technology with talent, lead industries with technology, and attract talent with industries". To this end, we have included in the Talent List a number of professions in the I&T (innovation and technology) segment, including experienced AI Specialists, to facilitate global experts, like all of you here, in developing your careers in Hong Kong.
Looking ahead, the Hong Kong SAR Government will continue to foster strong collaboration among the Government and the industry, academia, research and investment sectors. The future of AI cannot be built by anyone or any place alone. It requires a global community that is awake, aware, and aligned.I am confident that this Summit will spark new ideas and inspire us to wake up more for high-quality AI development.
I wish the Summit great success. Thank you.
The 2026 WAIC UP! Global Summit, Photo by Bastille Post
