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 From Hong Kong's Information Services Department
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May 14, 2004
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Monetary Authority

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Exchange Fund foreign assets fall $14b
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Monetary Authority

The Hong Kong Monetary Authority released key data on the Exchange Fund's balance sheet at the end of April today, reporting a fall of $14.2 billion in its foreign assets.

 

Foreign assets, representing the external assets of the Exchange Fund, amounted to HK$899.1 billion.

 

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 $323.5 billion.

 

Claims on the private sector in Hong Kong amounted to $57.3 billion. Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to $500 million.

 

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