Hong Kong Monetary Authority: The total assets of foreign exchange funds as of the end of 2025 will be HK$415.14 billion.

On January 30, the Hong Kong Monetary Authority announced that as of December 31, 2025, the total assets of the Exchange Fund amounted to HK$4,151.4 billion, an increase of HK$44.4 billion from the end of November 2025. Among the total assets, HK dollar assets increased by HK$23.7 billion, while foreign currency assets increased by HK$20.7 billion. The increase in HK dollar assets was mainly due to an increase in bank deposits. The increase in foreign currency assets was mainly due to an increase in currency swap agreements, interest income, and investment revaluation at market prices, partially offset by a decrease in the month-end balance of securities purchased but not yet settled. The balance sheet of the Currency Issuance Bureau shows that the monetary base as of the end of December 2025 was HK$2,040 billion, an increase of HK$7.8 billion from the end of November 2025, representing a growth rate of 0.4%. The increase in the monetary base was mainly due to an increase in the market value of outstanding Exchange Fund bills and bonds and an increase in the total amount of promissory notes. The total assets of the backing assets as of the end of December 2025 increased by HK$9.6 billion to HK$2,250.9 billion, a growth rate of 0.4%. The increase in backing assets was mainly due to interest income from investments and the issuance of promissory notes, partially offset by the revaluation of investments at market prices. The backing ratio increased from 110.29% at the end of November 2025 to 110.34% at the end of December 2025.