The Exchange Fund's total assets stood at $3.9122 trillion at the end of July, $7.3 billion higher than at the end of June, the Monetary Authority announced today.
Foreign currency assets rose $20.1 billion, while Hong Kong dollar assets decreased $12.8 billion.
The Monetary Base at the end of July was $1.6646 trillion, up $1.2 billion on the previous month due to an increase in the outstanding amount of Certificates of Indebtedness.
The amount of Backing Assets increased $4.3 billion to $1.7954 trillion due to an increase in assets through the issuance of Certificates of Indebtedness, valuation gains and interest from investments.
The backing ratio increased to 107.86% at the end of July from 107.68% a month earlier.
