Hong Kong Monetary Authority: As of the end of March, the total assets of the foreign exchange fund amounted to HK$397.89 billion.

On April 30, the Hong Kong Monetary Authority announced that as of March 31, 2025, the total assets of the Exchange Fund amounted to HK$39,789 billion, a decrease of HK$301 billion from the end of February 2025. Foreign currency assets decreased by HK$542 billion, while Hong Kong dollar assets increased by HK$241 billion. The decrease in foreign currency assets was mainly due to a reduction in the end-of-month balances of fiscal reserves deposits and unsettled securities purchased, partially offset by interest income from investments. The increase in Hong Kong dollar assets was mainly due to an increase in bank deposits. The accounts of the Hong Kong Note Issuing Authority showed that the monetary base as of the end of March 2025 was HK$19,771 billion, an increase of HK$12 billion from the end of February 2025, representing a growth of 0.1%. The increase in the monetary base was primarily due to the amortization of discounts on issued Exchange Fund bills and bonds, partially offset by a decrease in the total amount of certificate of indebtedness. The total amount of backing assets as of the end of March 2025 increased by HK$69 billion to HK$21,857 billion, representing a growth of 0.3%. The increase in backing assets was mainly due to interest income from investments and revaluation at market prices, partially offset by the redemption of certificate of indebtedness. The backing ratio increased from 110.27% at the end of February 2025 to 110.55% at the end of March 2025.