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 (December 31) that the total assets of the Exchange Fund amounted to HK$4,106.9billion as at November 30, 2025, HK$10.7 billion lower than that at the end of October 2025. Foreign currency assets decreased by HK$9.9 billion and Hong Kong dollar assets decreased by HK$0.8 billion.
The decline in foreign currency assets was mainly due to a reduction in the month-end balances of unsettled purchase of securities, which was partly offset by proceeds from the issuance of Digital Green Bonds and RMB Institutional Government Bonds, interest income and mark-to-market revaluation of investments. The decline in Hong Kong dollar assets was mainly due to mark-to-market revaluation of Hong Kong equities.
The Currency Board Account shows that the Monetary Base at the end of November 2025 was HK$2,032.2 billion, increased by HK$5.5 billion, or 0.3per cent, from the end of October 2025. The increase was mainly due to increases in the market value of Exchange Fund Bills and Notes outstanding and the outstanding amount of Certificates of Indebtedness.
The amount of Backing Assets increased by HK$14.2 billion, or 0.6per cent, to HK$2,241.3 billion at the end of November 2025. The increase was mainly attributable to interest income and mark-to-market revaluation of investments. The Backing Ratio increased from 109.89per cent at the end ofOctober 2025to110.29per cent at the end of November 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 December 2025, the scheduled dates for issuing the press releases are as follows:
December 5
(Issued)
SDDS International Reserves
(Hong Kong's Latest Foreign Currency Reserve Assets Figures)
December 12
(Issued)
SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund)
December 31
SDDS Template on International Reserves and
Foreign Currency Liquidity
December 31
Exchange Fund Abridged Balance Sheet and
Currency Board Account
HKMA, Photo source: reference image
CS concludes visit to Beijing
The Chief Secretary for Administration, Mr Chan Kwok-ki, today (April 2) led the delegation of the Working Group on Planning and Construction of the University Town (WG) under the Committee on Development of the Northern Metropolis to continue their visit to Beijing.
The Director of the Hong Kong and Macao Work Office of the Communist Party of China Central Committee and the Hong Kong and Macao Affairs Office of the State Council, Mr Xia Baolong, met with Mr Chan and other members of the delegation in the morning. Mr Chan thanked Mr Xia for his care and guidance for the Hong Kong Special Administrative Region (HKSAR) Government's work on planning and constructing the Northern Metropolis University Town (NMUT). He also reported that, in the past three days, the delegation of the WG had visited several places, including the Ningbo Higher Education Park, the Xiasha Higher Education Park in Hangzhou, the Zhejiang University International Campus (Haining), the Beijing Municipal Administrative Center, and Xiong'an New Area in Hebei. Through on-site visits to higher education developments in different places, and exchanges with experts and scholars on their successful experiences and development strategies, the delegation gained practical inspiration for the top-level design of the NMUT. This will help advance the deep integration of Hong Kong's academic excellence with industry, promoting industrial development through education. Mr Chan said that the WG will continue to push forward the development of the NMUT with enhanced quality, speed, and efficiency, in proactive alignment with the outline of the National 15th Five-Year Plan, as well as contribute Hong Kong's strengths to the national goal of building China into a leading country in education, and helping Hong Kong better integrate into and serve the overall national development.
The meeting was attended by the Executive Deputy Director of the Hong Kong and Macao Work Office of the Central Committee of the Communist Party of China and the Hong Kong and Macao Affairs Office of the State Council, Mr Xu Qifang. The Secretary for Education of the HKSAR Government, Dr Choi Yuk-lin, also reported on her work. The Director of the Northern Metropolis Co-ordination Office, Miss Linda So, and representatives from the eight University Grants Committee-funded universities attended the meeting together.
Mr Chan and other members of the delegation concluded their visit to Beijing and returned to Hong Kong this afternoon. Dr Choi continued her visit to Beijing this afternoon, and will return to Hong Kong tomorrow (April 3).
CS concludes visit to Beijing Source: HKSAR Government Press Releases
CS concludes visit to Beijing Source: HKSAR Government Press Releases
