同时，外汇基金对香港私营部门的债权总额为3136亿港元；对外负债总额为358亿港元。(完) 香港金融管理局表示，目前香港货币基础为20322亿港元，包括负债证明书、特区政府发行的流通纸币 及硬币、银行体系结余，以及已发行外汇基金票据及债券。 中新网香港12月12日电 香港金融管理局12日公布，2025年11月份香港外汇基金的境外资产比上月增加 289亿港元，达35380亿港元。 ...

Group 1 - The Hong Kong Monetary Authority reported an increase of HKD 28.9 billion in foreign assets of the Exchange Fund, reaching HKD 353.8 billion by the end of November 2025 [1] - The monetary base amounted to HKD 203.22 billion, which includes certificates of indebtedness, currency notes and coins issued by the Hong Kong government, bank reserves, and issued Exchange Fund bills and bonds [1] - The total claims of the Exchange Fund on the private sector in Hong Kong were HKD 313.6 billion, while total liabilities to foreign entities were HKD 35.8 billion [1]

Core Points - The Hong Kong Monetary Authority reported a total foreign exchange fund asset of 41,176 billion HKD as of October 31, 2025, a decrease of 346 billion HKD from the end of September [1] - The decrease in HKD assets by 926 billion HKD was attributed to a reduction in the balance of foreign exchange fund notes and bonds that were subscribed but not settled, as well as a revaluation of Hong Kong stocks [1] - Foreign currency assets increased by 580 billion HKD, mainly due to an increase in the balance of securities purchased but not settled and interest income from investments [1] - The monetary base as of the end of October 2025 was 20,267 billion HKD, an increase of 65 billion HKD, representing a growth rate of 0.3% [1] - Total supporting assets increased by 90 billion HKD to 22,271 billion HKD, with a growth rate of 0.4% [1] - The support ratio rose from 109.80% at the end of September to 109.89% at the end of October [1]

Group 1 - The total assets of Hong Kong's foreign exchange fund as of October 31, 2025, amounted to HKD 41,176 billion, a decrease of HKD 346 billion compared to the end of September 2025 [1][3] - The decrease in Hong Kong dollar assets was primarily due to a reduction in the month-end balance of subscribed but unsettled foreign exchange fund notes and bonds, as well as a revaluation of Hong Kong stocks [1] - The increase in foreign currency assets was attributed to a rise in the month-end balance of purchased but unsettled securities and interest income from investments [1] Group 2 - The monetary base in Hong Kong as of the end of October 2025 was HKD 20,267 billion, reflecting an increase of HKD 65 billion or 0.3% from the end of September 2025 [1][3] - The increase in the monetary base was mainly due to a rise in the total amount of liability certificates and the amortization of discounts on issued foreign exchange fund notes and bonds [1] - The total deposits of recognized institutions in Hong Kong decreased by 0.4% in October 2025, with Hong Kong dollar deposits and foreign currency deposits decreasing by 0.9% and 0.1%, respectively, reflecting corporate fund flows [3]

Core Points - The total assets of the foreign exchange fund as of October 31, 2025, amount to HKD 41,176 billion, a decrease of HKD 346 billion compared to the end of September 2025 [1] - The decrease in HKD assets is primarily due to a reduction in the month-end balance of subscribed but unsettled foreign exchange fund notes and bonds, as well as a revaluation of Hong Kong stocks at market price [1] - Foreign currency assets increased by HKD 580 billion, mainly due to an increase in the month-end balance of purchased but unsettled securities and interest income from investments [1] Monetary Base - The monetary base at the end of October 2025 is HKD 20,267 billion, an increase of HKD 65 billion, representing a growth rate of 0.3% compared to the end of September 2025 [1] - The increase in the monetary base is attributed to a rise in the total amount of liability certificates and the amortization of discounts on issued foreign exchange fund notes and bonds [1] Supporting Assets - The total amount of supporting assets increased by HKD 90 billion to HKD 22,271 billion, with a growth rate of 0.4% [1] - The increase in supporting assets is mainly due to interest income from investments [1] - The supporting ratio rose from 109.80% at the end of September 2025 to 109.89% at the end of October 2025 [1]

Core Insights - The Hong Kong Monetary Authority (HKMA) reported an increase in the foreign exchange fund's overseas assets by HKD 50 billion, reaching HKD 3,509.1 billion as of October [1] - The monetary base is recorded at HKD 2,026.7 billion, which includes various components such as certificates of indebtedness, government-issued currency, bank reserves, and issued foreign exchange fund notes and bonds [1] - The total claims of the foreign exchange fund on the private sector in Hong Kong amount to HKD 313.4 billion, while total external liabilities stand at HKD 36.5 billion [1]

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) will continue to adhere to the principle of "capital preservation first, long-term value enhancement" while managing the foreign exchange fund cautiously and flexibly [1] Group 1: Investment Environment - The investment environment is positively influenced by central bank monetary policies, geopolitical situations, and the surge in artificial intelligence [1] - Major asset classes performed well, with major stock market indices reaching new highs during the third quarter [1] - Hong Kong stocks benefited from capital inflows, rising approximately 12% in the third quarter [1] Group 2: Bond Market - Despite the Federal Reserve's interest rate cuts in September, U.S. dollar bond yields remain high, providing decent interest income for the bond portfolio held by the foreign exchange fund [1] - The U.S. dollar strengthened against other major currencies in the third quarter, leading to some foreign exchange valuation adjustments for the foreign exchange fund's assets [1] - Overall, the foreign exchange fund recorded good investment income in the first nine months of 2025, with all major asset classes achieving positive returns [1] Group 3: Future Outlook - The investment environment for the remainder of 2025 remains highly uncertain [1] - While further interest rate cuts by the Federal Reserve may improve investment sentiment, concerns about the U.S. economic outlook will persist [1] - The impact of U.S. government trade policies, trade tensions, and fluctuating geopolitical situations on financial markets remains unpredictable [1]

Core Points - The Hong Kong Monetary Authority (HKMA) reported an increase of HKD 82 billion in foreign exchange fund assets as of September 30, 2025, bringing the total to HKD 4,152.2 billion [1][3] - The increase in HKD assets was attributed to the rise in the month-end balance of subscribed but unsettled foreign exchange fund notes and bonds, as well as the revaluation of Hong Kong stocks at market prices [1][3] - Conversely, foreign currency assets decreased by HKD 15.2 billion due to withdrawals from fiscal reserve deposits and a reduction in the month-end balance of purchased but unsettled securities, although this decline was partially offset by interest income from investments and market revaluation [1][3] Deposit Data - Total deposits from recognized institutions increased by 1.3% in September compared to August, with HKD deposits and foreign currency deposits rising by 1.4% and 1.3%, respectively [1][3] - From the beginning of the year to the end of September, total deposits and HKD deposits increased by 10.2% and 4.1%, respectively [1][3]

Core Insights - The total assets of the Hong Kong Monetary Authority's foreign exchange fund reached HKD 41,522 billion as of September 30, 2025, an increase of HKD 820 billion from the end of August 2025 [1] - The increase in HKD assets was primarily due to the rise in the month-end balance of foreign exchange fund notes and bonds, as well as the revaluation of Hong Kong stocks [1] - The decrease in foreign currency assets was mainly attributed to the withdrawal of fiscal reserve deposits and a reduction in the month-end balance of purchased but unsettled securities, although this decline was partially offset by interest income from investments and revaluation gains [1] Monetary Base and Support Assets - The monetary base as of September 30, 2025, was HKD 20,202 billion, reflecting an increase of HKD 60 billion or 0.3% from August 2025 [1] - The increase in the monetary base was mainly due to the rise in the total amount of liability certificates and the amortization of discounts on issued foreign exchange fund notes and bonds [1] - The total amount of supporting assets increased by HKD 70 billion to HKD 22,182 billion, also showing a growth of 0.3%, primarily driven by interest income from investments [1] - The support ratio improved slightly from 109.78% at the end of August 2025 to 109.80% at the end of September 2025 [1]

Group 1 - The Hong Kong Monetary Authority reported a decrease in the foreign exchange fund's overseas assets by 28.1 billion HKD, bringing the total to 345.91 billion HKD as of September 2025 [1] - The monetary base is recorded at 202.02 billion HKD, which includes liabilities certificates, government-issued currency, bank system balances, and issued foreign exchange fund notes and bonds [1] - The total amount of claims on the private sector in Hong Kong by the foreign exchange fund is 350 billion HKD, while total external liabilities amount to 33.6 billion HKD [1]