News summary
May 14bandicootadoptmeData released by the Hong Kong Monetary Authority showed that at the end of April 2024, the foreign assets of Hong Kong's Exchange Fund fell by HK$60.9 billion to HK$3.4602 billion.
Newsletter text
[Hong Kong's Exchange Fund's foreign assets decreased by HK$60.9 billion in April] On May 14, the Hong Kong Monetary Authority announced the main analytical accounts of the Exchange Fund at the end of April 2024.
The report pointed out that in April, the foreign assets of Hong Kong's Exchange Fund decreased by HK$60.9 billion from the previous month, and the total value dropped to HK$3.4602 billion.
This decrease may have an impact on secondary market investors, who need to pay close attention to relevant data released by the Hong Kong Monetary Authority in the future to assess the macroeconomic trends of the market.
At the same time, investors should note that changes in the assets of the Exchange Fund may be affected by a variety of factors, including but not limited to changes in international market interest rates, exchange rate fluctuations, etc.