The Exchange Fund's total assets stood at $1.187 trillion on November 30, up $24.5 billion on the end of October, the Monetary Authority says.

Foreign currency assets rose by $10.5 billion and Hong Kong dollar assets grew by $14 billion.

The rise in foreign currency assets was due mainly to valuation gains on foreign currency investments, and interest and dividend income from foreign currency assets.

The increase in Hong Kong dollar assets was due mainly to placements received from fiscal reserves and valuation of Hong Kong equities held by the Exchange Fund. These increases were partly offset by a decrease in bank borrowings.