Hong Kong Monetary Authority: As of November 30, the total assets of Hong Kong's exchange fund amounted to HK$410.69 billion.
As of November 30, 2025, the total assets of the Hong Kong Exchange Fund were 4.1069 trillion Hong Kong dollars, a decrease of 10.7 billion Hong Kong dollars from the end of October 2025, with foreign currency assets decreasing by 9.9 billion Hong Kong dollars and Hong Kong dollar assets decreasing by 0.8 billion Hong Kong dollars.
On December 31, the Hong Kong Monetary Authority (HKMA) announced that as of November 30, 2025, the total assets of Hong Kong's Exchange Fund amounted to HK$4.1069 trillion, a decrease of HK$10.7 billion from the end of October 2025. Foreign currency assets decreased by HK$9.9 billion, while Hong Kong dollar assets decreased by HK$800 million.
The decrease in foreign currency assets was mainly due to a decrease in the end-of-month balance of securities purchased but not settled, which was partially offset by proceeds from the issuance of digital green bonds and RMB government bonds, interest income from investments, and partial offsetting from investments revalued at market prices. The decrease in Hong Kong dollar assets was mainly due to the revaluation of Hong Kong stocks at market prices.
The currency issue accounts showed that the monetary base in Hong Kong at the end of November 2025 was HK$2.0322 trillion, an increase of HK$5.5 billion from the end of October 2025, representing a 0.3% increase. The increase in the monetary base was mainly due to an increase in the market value of outstanding Exchange Fund bills and bonds, as well as an increase in the total amount of certificates of indebtedness issued.
The total amount of supporting assets at the end of November 2025 increased by HK$14.2 billion to HK$2.2413 trillion, a 0.6% increase. The increase in supporting assets was mainly due to interest income from investments and revaluation of investments at market prices. The support ratio increased from 109.89% at the end of October 2025 to 110.29% at the end of November 2025.
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