Hong Kong’s Exchange Fund foreign assets fall in volatile August
Foreign assets of Hong Kong’s Exchange Fund fell by 7.3 billion HK dollars (about 1 billion U.S. dollars) in August to 995.6 billion HK dollars (about 128 billion U.S. dollars), the Monetary Authority revealed on Friday.
The Monetary Base, comprising Certificates of Indebtedness, government-issued currency notes and coins in circulation, the Aggregate Balance of the banking system and Exchange Fund Bills and Notes issued, amounted to 298.1 billion HK dollars (38 billion U.S. dollars).
Claims on the private sector in Hong Kong amounted to 107.4 billion HK dollars (14 billion U.S. dollars).
Hong Kong’s Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to 1.7 billion HK dollars (218 million U.S. dollars).
Source: Xinhua
Copyright Fund China 2009.
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