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Exchange Fund Foreign Assets Up $22.7bn In HK

by Mary Swire, for LawAndTax-News.com

14 May 2008

Exchange Fund foreign assets rose $22.7bn in April to $1.21 trillion, Hong Kong's Monetary Authority has stated this week.

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 $326.2bn.

Claims on the private sector in Hong Kong stood at $68bn.

Foreign liabilities, representing mainly obligations under repurchase agreements, were $1.7bn.

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