Hong Kong Monetary Authority: As of the end of March, the total assets of Hong Kong's foreign exchange funds amounted to HK$434.23 billion.

The Hong Kong Monetary Authority (HKMA) announced today (April 30) that as of March 31, 2026, the total assets of the Exchange Fund amounted to HK$4,342.3 billion, an increase of HK$48.8 billion from the end of February 2026. Among them, Hong Kong dollar assets increased by HK$71.9 billion, while foreign currency assets decreased by HK$23.1 billion. The increase in Hong Kong dollar assets was mainly due to an increase in the end-of-month balance of foreign currency notes and bonds subscribed but not yet settled, partially offset by revaluation losses on Hong Kong stocks. The decrease in foreign currency assets was mainly due to revaluation losses on investments and redemption of liability certificates, partially offset by an increase in the end-of-month balance of securities purchased but not settled and interest income from investments. The accounts of the Hong Kong Monetary Authority show that the monetary base as of the end of March 2026 was HK$2,065 billion, a decrease of HK$66 billion from the end of February 2026, representing a decrease of 0.3%. The decrease in the monetary base was mainly due to a decrease in the total amount of liability certificates, partially offset by amortization of discounts on foreign currency notes and bonds issued. The total amount of backing assets at the end of March 2026 decreased by HK$5.8 billion to HK$2,300.1 billion, a decrease of 0.3%. The decrease in backing assets was mainly due to redemption of liability certificates and revaluation losses on investments, partially offset by interest income from investments. The backing ratio increased from 111.32% at the end of February 2026 to 111.39% at the end of March 2026.