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HKMA: End-Oct Total Assets of Exchange Fund Drops to $4.015T MoM
Recommend 3 Positive 2 Negative 4 |
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The Hong Kong Monetary Authority (HKMA) announced that the total assets of the Exchange Fund amounted to HK$4.015 trillion as at October 31, 2024, HK$118.8 billion lower than that at the end of September 2024. Hong Kong dollar assets decreased by HK$105 billion and foreign currency assets decreased by HK$13.8 billion. The decline in Hong Kong dollar assets was mainly due to the decrease in Exchange Fund Bills and Notes issued but not yet settled at month end. The decline in foreign currency assets was mainly due to mark-to-market revaluation of investments, which was partly offset by interest income from investments and purchase of foreign currencies with Hong Kong dollars. AAStocks Financial News |
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