HK's Exchange Fund Foreign Assets Fall HKD14.4bn by Mary Swire, for LawAndTax-News.com, Hong Kong 19 August 2008 Exchange Fund foreign assets fell HKD14.4bn to HKD1.169 trillion at the end of July, the country's Monetary Authority announced on Thursday. 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 HKD324.3bn. Claims on the private sector in Hong Kong amounted to HKD68.6bn. Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to HKD1.6bn. .

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