At the end of last year, the total assets of the Hong Kong foreign exchange fund reached HKD 4.1514 trillion, an increase of HKD 44.4 billion month-on-month

The Monetary Authority announced that as of the end of December 2025, the total assets of the foreign exchange fund amounted to HKD 4.1514 trillion, an increase of HKD 44.4 billion month-on-month, with HKD assets increasing by HKD 23.7 billion and foreign currency assets increasing by HKD 20.7 billion. The authorities explained that the increase in HKD assets was mainly due to an increase in bank deposits. The increase in foreign currency assets was primarily due to an increase in currency swap agreements, interest income, and investments being revalued at market prices, although this increase was partially offset by a decrease in the month-end balance of securities that had been purchased but not settled.

The accounts of the Currency Issuance Bureau show that the monetary base at the end of December 2025 was HKD 2.04 trillion, an increase of HKD 7.8 billion month-on-month, representing a growth rate of 0.4%, mainly due to an increase in the market value of outstanding foreign exchange fund notes and bonds, as well as an increase in the total amount of liability certificates.

The total amount of supporting assets at the end of December 2025 increased by HKD 9.6 billion to HKD 2.2509 trillion, with a growth rate of 0.4%, primarily due to interest income from investments and the issuance of liability certificates, although this increase was partially offset by the revaluation of investments at market prices. The support ratio rose from 110.29% at the end of November 2025 to 110.34% at the end of December 2025