Hong Kong Exchange Fund Reports $547 Billion (HKD 4.2 Trillion) Assets in 2025 June, Representing +3.3% YoY Increase from 2024 June
5th August | Hong Kong
The Hong Kong Monetary Authority (HKMA) Hong Kong Exchange Fund has reported $547 billion (HKD 4.2 trillion) assets in 2025 June, representing a +3.3% year-on-year increase from 2024 June. HKMA (31/7/25): “The Hong Kong Monetary Authority (HKMA) announced today (31 July) that the total assets of the Exchange Fund amounted to HK$4,297.1 billion as at 30 June 2025, HK$137.7 billion higher than that at the end of May 2025. Hong Kong dollar assets increased by HK$88.5 billion and foreign currency assets increased by HK$49.2 billion. The rise in Hong Kong dollar assets was mainly due to the increase in Exchange Fund Bills and Notes issued but not yet settled at month end. The rise in foreign currency assets was mainly due to interest income, mark-to-market revaluation of investments, and the proceeds from the issuance of Government Green Bonds, which were partly offset by the sale of US dollars under the Currency Board arrangements. The Currency Board Account shows that the Monetary Base at the end of June 2025 was HK$2,120.2 billion, decreased by HK$4.7 billion, or 0.2%, from the end of May 2025. The decline was mainly due to the purchase of HK dollars under the Currency Board arrangements, which was partly offset by increase in the outstanding amount of Certificates of Indebtedness and the amortisation of discount on Exchange Fund Bills and Notes issued. The amount of Backing Assets increased by HK$8.6 billion, or 0.4%, to HK$2,364.8 billion at the end of June 2025. The increase was mainly attributable to interest income, mark-to-market revaluation of investments, and the issuance of Certificates of Indebtedness, which were partly offset by the sale of US dollars under the Currency Board arrangements. The Backing Ratio increased from 110.88% at the end of May 2025 to 111.54% at the end of June 2025.” Annex 1: Abridged Balance Sheet of the Exchange Fund. Annex 2: Currency Board Account
“ Hong Kong Exchange Fund Reports $547 Billion (HKD 4.2 Trillion) Assets in 2025 June, Representing +3.3% YoY Increase from 2024 June “
Hong Kong Exchange Fund Reports $547 Billion (HKD 4.2 Trillion) Assets in 2025 June, Representing +3.3% YoY Increase from 2024 June

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