HK's Exchange Fund foreign assets down $554 mln

Hong Kong Exchange Fund's foreign assets decreased by 4.3 billion HK dollars (about 554 million U.S. dollars) to 2.2352 trillion HK dollars in May, the Monetary Authority announced Thursday.

The Monetary Base amounted to 1.0816 trillion HK dollars.

Claims on the private sector in Hong Kong amounted to 107.9 billion HK dollars.

Foreign liabilities, representing fees payable to the Exchange Fund's external managers, amounted to 200 million HK dollars. (1 U.S. dollar = 7.758 HK dollars)