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Hong Kong Exchange Fund assets HK$3.56 trln end-Aug - HKMA
September 30, 2016 / 8:36 AM / a year ago

Hong Kong Exchange Fund assets HK$3.56 trln end-Aug - HKMA

Sept 30 (Reuters) - Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$3,559.7 billion ($459.12 billion) at the end of August, the Hong Kong Monetary Authority (HKMA) said on Friday.

The figure was HK$20.6 billion lower than the total at the end of July, with foreign currency assets falling by HK$27.6 billion while Hong Kong dollar assets rose by HK$7.0 billion, the city’s de facto central bank said in a statement.

The HKMA said the decline in foreign currency assets was mainly due to a decrease in unsettled purchases of securities. The rise in Hong Kong dollar assets was mainly due to the increase in market value of Hong Kong equities.

$1 = 7.7533 Hong Kong dollars Reporting by Twinnie Siu in HONG KONG; Editing by Vyas Mohan

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