Exchange Fund Assets Down
The Exchange Fund's total assets dropped to $4.1896 trillion at the end of February, down $3 billion compared to the previous month, the Monetary Authority announced today.
Foreign currency assets increased $9.8 billion while Hong Kong dollar assets dropped $12.8 billion.
The Monetary Base was $1.7175 trillion, up 1% on the previous month due to an increase in the outstanding amount of Certificates of Indebtedness.
The amount of Backing Assets rose by $18 billion to $1.8545 trillion due to the issuance of Certificates of Indebtedness and income from investments.
The backing ratio decreased from 108% to 107.98%.
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more