Exchange Fund foreign assets in September grew by $12.4 billion to $1.1951 trillion, the Monetary Authority says.

The Monetary Base, comprising Certificates of Indebtedness, government issued currency notes and coins in circulation, the aggregate balance of the banking system and Exchange Fund Bills and Notes issued, amounted to $347.3 billion during the month.

Claims on the private sector in Hong Kong were $78.3 billion.

Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to $23.7 billion.