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$4,463.6billion as at June 30, 2026, HK$72.9 billion higher than that at the end of May 2026. Hong Kong dollar assets increased by HK$84.7 billion while foreign currency assets decreased by HK$11.8 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, which was partly offset by mark-to-market revaluation of Hong Kong equities. The decline in foreign currency assets was mainly due to withdrawals of Fiscal Reserves placements, which was partly offset by an increase in repurchase agreements outstanding and interest income from investments.
The Currency Board Account shows that the Monetary Base at the end of June 2026 was HK$2,075.0 billion, grew by HK$2.8 billion, or 0.1 per cent, from the end of May 2026. The growth was mainly due to amortisation of discount on Exchange Fund Bills and Notes issued and increase in the market value of Exchange Fund Bills and Notes outstanding.
The amount of Backing Assets increased by HK$6.8 billion, or 0.3 per cent, to HK$2,320.6 billion at the end of June 2026. The increase was mainly attributable to interest income from investments, which was partly offset by mark-to-market revaluation of investments. The Backing Ratio increased from 111.66 per cent at the end of May 2026 to 111.84 per cent at the end of June 2026.
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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 2026, the scheduled dates for issuing the press releases are as follows:
| July7 (Issued) | SDDS International Reserves (Hong Kong's Latest Foreign Currency Reserve Assets Figures) |
| July14 (Issued) | SDDS Analytical Accounts of the Central Bank (Analytical Accounts of the Exchange Fund) |
| July31 | SDDS Template on International Reserves and Foreign Currency Liquidity |
| July31 | Exchange Fund Abridged Balance Sheet and Currency Board Account |
(Issued)
(Hong Kong's Latest Foreign Currency Reserve Assets Figures)
(Issued)
(Analytical Accounts of the Exchange Fund)
Foreign Currency Liquidity
Currency Board Account
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