Total assets of the Exchange Fund climbed to HK$4.096 trillion as of April 30, up by HK$1.4 billion from the end of March, the Hong Kong Monetary Authority announced. Foreign currency assets increased by HK$67.3 billion while Hong Kong dollar assets dropped by HK$65.9 billion. The rise in foreign currency assets was mainly due to the mark-to-market revaluation on foreign currency investments and purchase of US dollars under the Currency Board arrangements. The decline in Hong Kong dollar assets was mainly due to a decrease in Exchange Fund Bills and Notes issued but not yet settled.

Source: The Standard May 29, 2020 09:00 UTC