HKMA Exchange Fund Bills and Notes Analysis
Summary Report
ML, Cursor AI
2025-11-04
Introduction
This report provides a comprehensive analysis of the Hong Kong Monetary Authority (HKMA) Exchange Fund Bills and Notes. The analysis includes:
- Volume Analysis: Total outstanding amounts and issue sizes
- Maturity Analysis: Distribution of maturities across different time horizons
- Currency Analysis: Breakdown by currency type
- Issuer Analysis: Concentration by issuer
- Temporal Analysis: Trends over time and monthly patterns
All monetary amounts are converted to Hong Kong Dollar (HKD) equivalents for consistent comparison.
Note: All amounts shown are rounded to whole numbers (billions HKD) for readability.
Data Source
The data used in this analysis is sourced from the Hong Kong government’s open data portal:
Data Provider: Hong Kong Monetary Authority
(HKMA)
Dataset: List of Exchange Fund Bills and Notes
Source: data.gov.hk
API Endpoint:
https://api.hkma.gov.hk/public/debt-securities-settlement-system/operational-information/list-of-exchange-fund-bills-and-notes
The data is updated daily and made available through the Hong Kong government’s open data initiative.
Data Loading
## **Data Source:** exchange_fund_bills_notes_20251104_212737_cleaned.rdsDataset Summary: - Total Records: 100 - Data Source: exchange_fund_bills_notes_20251104_212737_cleaned.rds - Analysis Date: 2025-11-04
Executive Summary
| Metric | Value |
|---|---|
| Total Outstanding Amount (HKD billions) | 1,640 |
| Total Issue Size (HKD billions) | 1,644 |
| Number of Unique Issuers | 2 |
| Number of Currencies | 2 |
| Total Number of Issues | 100 |
Volume Analysis
Outstanding Amounts by Currency
| Currency | Total Outstanding (Billions HKD) | Number of Issues | Average Outstanding (Billions HKD) |
|---|---|---|---|
| HKD | 1610 | 87 | 19 |
| CNY | 30 | 13 | 2 |
Outstanding Amounts by Issuer
| Issuer | Total Outstanding (Billions HKD) | Number of Issues | Average Outstanding (Billions HKD) |
|---|---|---|---|
| HONG KONG MONETARY AUTHORITY | 1302 | 61 | 21 |
| THE GOVERNMENT OF THE HKSAR OF THE PRC | 338 | 39 | 9 |
Maturity Analysis
Maturity Distribution
| Maturity Bucket | Number of Issues | Total Outstanding (Billions HKD) | Avg Time to Maturity (Years) |
|---|---|---|---|
| 0-3 Months | 33 | 1102 | 0.12 |
| 3-6 Months | 21 | 220 | 0.36 |
| 6-12 Months | 8 | 81 | 0.74 |
| 1-2 Years | 13 | 93 | 1.60 |
| 2-5 Years | 14 | 111 | 3.40 |
| 5-10 Years | 6 | 23 | 8.69 |
| 10+ Years | 5 | 9 | 14.50 |
Maturity Timeline
| Maturity Year | Number of Issues | Total Outstanding (Billions HKD) |
|---|---|---|
| 2025 | 23 | 741 |
| 2026 | 41 | 666 |
| 2027 | 12 | 107 |
| 2028 | 5 | 67 |
| 2029 | 5 | 13 |
| 2030 | 3 | 14 |
| 2032 | 1 | 6 |
| 2034 | 2 | 10 |
| 2035 | 3 | 7 |
| 2036 | 1 | 3 |
| 2038 | 1 | 2 |
| 2039 | 1 | 1 |
| 2042 | 1 | 2 |
| 2045 | 1 | 1 |
Issue Activity Over Time
Monthly Issue Activity Heatmap
Issue Activity Timeline
| Year | Number of Issues | Total Issue Size (Billions HKD) |
|---|---|---|
| 2011 | 2 | 1 |
| 2012 | 2 | 1 |
| 2013 | 2 | 1 |
| 2014 | 2 | 1 |
| 2015 | 1 | 5 |
| 2016 | 1 | 23 |
| 2017 | 2 | 24 |
| 2019 | 2 | 12 |
| 2021 | 1 | 4 |
| 2022 | 1 | 2 |
| 2023 | 4 | 78 |
| 2024 | 17 | 112 |
| 2025 | 63 | 1379 |
Monthly Summary
Monthly Totals
| Year-Month | Month | Year | Number of Bills | Total Outstanding (Billions HKD) |
|---|---|---|---|---|
| 2011-02 | Feb | 2011 | 1 | 1 |
| 2011-08 | Aug | 2011 | 1 | 1 |
| 2012-02 | Feb | 2012 | 1 | 1 |
| 2012-08 | Aug | 2012 | 1 | 1 |
| 2013-02 | Feb | 2013 | 1 | 1 |
| 2013-08 | Aug | 2013 | 1 | 1 |
| 2014-02 | Feb | 2014 | 1 | 1 |
| 2014-08 | Aug | 2014 | 1 | 1 |
| 2015-07 | Jul | 2015 | 1 | 5 |
| 2016-01 | Jan | 2016 | 1 | 23 |
| 2017-03 | Mar | 2017 | 1 | 6 |
| 2017-06 | Jun | 2017 | 1 | 17 |
| 2019-01 | Jan | 2019 | 1 | 5 |
| 2019-03 | Mar | 2019 | 1 | 8 |
| 2021-03 | Mar | 2021 | 1 | 3 |
| 2022-05 | May | 2022 | 1 | 2 |
| 2023-01 | Jan | 2023 | 1 | 2 |
| 2023-08 | Aug | 2023 | 1 | 54 |
| 2023-10 | Oct | 2023 | 1 | 20 |
| 2023-11 | Nov | 2023 | 1 | 1 |
| 2024-02 | Feb | 2024 | 1 | 1 |
| 2024-05 | May | 2024 | 1 | 1 |
| 2024-08 | Aug | 2024 | 1 | 1 |
| 2024-10 | Oct | 2024 | 3 | 65 |
| 2024-11 | Nov | 2024 | 5 | 13 |
| 2024-12 | Dec | 2024 | 6 | 30 |
| 2025-01 | Jan | 2025 | 2 | 7 |
| 2025-02 | Feb | 2025 | 3 | 6 |
| 2025-03 | Mar | 2025 | 3 | 6 |
| 2025-04 | Apr | 2025 | 3 | 13 |
| 2025-05 | May | 2025 | 10 | 82 |
| 2025-06 | Jun | 2025 | 4 | 60 |
| 2025-07 | Jul | 2025 | 8 | 94 |
| 2025-08 | Aug | 2025 | 11 | 322 |
| 2025-09 | Sep | 2025 | 8 | 316 |
| 2025-10 | Oct | 2025 | 11 | 474 |
Distribution Analysis
Issue Size Distribution
Coupon Rate Distribution
Key Insights
Summary Statistics
| Currency | Number of Issues | Total Outstanding (Billions HKD) | % of Total | Average Outstanding (Billions HKD) |
|---|---|---|---|---|
| HKD | 87 | 1610 | 98.2 | 19 |
| CNY | 13 | 30 | 1.8 | 2 |
Appendix
Detailed Bills by Month with Maturity Buckets
| Issue Date | Issue Number | Instrument Type | Issuer | Currency | Outstanding (Billions HKD) | Maturity Date | 0-3mo (Billions) | 3-6mo (Billions) | 1yr (Billions) | 1-3yr (Billions) | 3-5yr (Billions) | >5yr (Billions) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2011-02-25 | 15Y2602 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2026-02-25 | 0 | 0 | 0 | 0 | 0 | 1 |
| TOTAL | NA | NA | NA | 1 | 0 | 0 | 0 | 0 | 0 | 1 | ||
| 2011-08-26 | 15Y2608 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2026-08-26 | 0 | 0 | 0 | 0 | 0 | 1 |
| TOTAL | NA | NA | NA | 1 | 0 | 0 | 0 | 0 | 0 | 1 | ||
| 2012-02-24 | 15Y2702 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2027-02-24 | 0 | 0 | 0 | 0 | 0 | 1 |
| TOTAL | NA | NA | NA | 1 | 0 | 0 | 0 | 0 | 0 | 1 | ||
| 2012-08-27 | 15Y2708 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2027-08-27 | 0 | 0 | 0 | 0 | 0 | 1 |
| TOTAL | NA | NA | NA | 1 | 0 | 0 | 0 | 0 | 0 | 1 | ||
| 2013-02-22 | 15Y2802 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2028-02-22 | 0 | 0 | 0 | 0 | 0 | 1 |
| TOTAL | NA | NA | NA | 1 | 0 | 0 | 0 | 0 | 0 | 1 | ||
| 2013-08-22 | 15Y2808 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2028-08-22 | 0 | 0 | 0 | 0 | 0 | 1 |
| TOTAL | NA | NA | NA | 1 | 0 | 0 | 0 | 0 | 0 | 1 | ||
| 2014-02-28 | 15Y2902 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2029-02-28 | 0 | 0 | 0 | 0 | 0 | 1 |
| TOTAL | NA | NA | NA | 1 | 0 | 0 | 0 | 0 | 0 | 1 | ||
| 2014-08-27 | 15Y2908 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2029-08-27 | 0 | 0 | 0 | 0 | 0 | 1 |
| TOTAL | NA | NA | NA | 1 | 0 | 0 | 0 | 0 | 0 | 1 | ||
| 2015-07-16 | 15GB3007 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 5 | 2030-07-16 | 0 | 0 | 0 | 0 | 0 | 5 |
| TOTAL | NA | NA | NA | 5 | 0 | 0 | 0 | 0 | 0 | 5 | ||
| 2016-01-21 | 10GB2601 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 23 | 2026-01-21 | 0 | 0 | 0 | 0 | 0 | 23 |
| TOTAL | NA | NA | NA | 23 | 0 | 0 | 0 | 0 | 0 | 23 | ||
| 2017-03-02 | 15GB3203 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 6 | 2032-03-02 | 0 | 0 | 0 | 0 | 0 | 6 |
| TOTAL | NA | NA | NA | 6 | 0 | 0 | 0 | 0 | 0 | 6 | ||
| 2017-06-29 | 10GB2706 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 17 | 2027-06-29 | 0 | 0 | 0 | 0 | 0 | 17 |
| TOTAL | NA | NA | NA | 17 | 0 | 0 | 0 | 0 | 0 | 17 | ||
| 2019-01-17 | 10GB2901 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 5 | 2029-01-17 | 0 | 0 | 0 | 0 | 0 | 5 |
| TOTAL | NA | NA | NA | 5 | 0 | 0 | 0 | 0 | 0 | 5 | ||
| 2019-03-07 | 15GB3403 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 8 | 2034-03-07 | 0 | 0 | 0 | 0 | 0 | 8 |
| TOTAL | NA | NA | NA | 8 | 0 | 0 | 0 | 0 | 0 | 8 | ||
| 2021-03-04 | 15GB3603 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 3 | 2036-03-04 | 0 | 0 | 0 | 0 | 0 | 3 |
| TOTAL | NA | NA | NA | 3 | 0 | 0 | 0 | 0 | 0 | 3 | ||
| 2022-05-26 | 20GB4205 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 2 | 2042-05-26 | 0 | 0 | 0 | 0 | 0 | 2 |
| TOTAL | NA | NA | NA | 2 | 0 | 0 | 0 | 0 | 0 | 2 | ||
| 2023-01-12 | 15GB3801 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 2 | 2038-01-12 | 0 | 0 | 0 | 0 | 0 | 2 |
| TOTAL | NA | NA | NA | 2 | 0 | 0 | 0 | 0 | 0 | 2 | ||
| 2023-08-18 | 03GB2608R | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 54 | 2026-08-18 | 0 | 0 | 0 | 0 | 54 | 0 |
| TOTAL | NA | NA | NA | 54 | 0 | 0 | 0 | 0 | 54 | 0 | ||
| 2023-10-10 | 03GR2610R | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 20 | 2026-10-12 | 0 | 0 | 0 | 0 | 20 | 0 |
| TOTAL | NA | NA | NA | 20 | 0 | 0 | 0 | 0 | 20 | 0 | ||
| 2023-11-22 | 02Y2511 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2025-11-24 | 0 | 0 | 0 | 1 | 0 | 0 |
| TOTAL | NA | NA | NA | 1 | 0 | 0 | 0 | 1 | 0 | 0 | ||
| 2024-02-21 | 02Y2602 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2026-02-23 | 0 | 0 | 0 | 1 | 0 | 0 |
| TOTAL | NA | NA | NA | 1 | 0 | 0 | 0 | 1 | 0 | 0 | ||
| 2024-05-23 | 02Y2605 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2026-05-26 | 0 | 0 | 0 | 1 | 0 | 0 |
| TOTAL | NA | NA | NA | 1 | 0 | 0 | 0 | 1 | 0 | 0 | ||
| 2024-08-22 | 02Y2608 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2026-08-24 | 0 | 0 | 0 | 1 | 0 | 0 |
| TOTAL | NA | NA | NA | 1 | 0 | 0 | 0 | 1 | 0 | 0 | ||
| 2024-10-23 | 03GB2710R | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 54 | 2027-10-25 | 0 | 0 | 0 | 0 | 54 | 0 |
| 2024-10-24 | 03GB2710001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 8 | 2027-10-25 | 0 | 0 | 0 | 0 | 8 | 0 |
| 2024-10-28 | 03GB2710002 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | CNY | 3 | 2027-10-28 | 0 | 0 | 0 | 3 | 0 | 0 |
| TOTAL | NA | NA | NA | 65 | 0 | 0 | 0 | 3 | 62 | 0 | ||
| 2024-11-18 | 02GB2611001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | CNY | 3 | 2026-11-18 | 0 | 0 | 0 | 3 | 0 | 0 |
| 2024-11-18 | 10GB3411001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | CNY | 3 | 2034-11-20 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2024-11-20 | Y2497 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 5 | 2025-11-19 | 0 | 0 | 5 | 0 | 0 | 0 |
| 2024-11-21 | 01GH2511001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 2 | 2025-11-21 | 0 | 0 | 2 | 0 | 0 | 0 |
| 2024-11-25 | 02Y2611 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2026-11-25 | 0 | 0 | 0 | 1 | 0 | 0 |
| TOTAL | NA | NA | NA | 14 | 0 | 0 | 7 | 4 | 0 | 3 | ||
| 2024-12-05 | 05GB2912001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 4 | 2029-12-05 | 0 | 0 | 0 | 0 | 4 | 0 |
| 2024-12-05 | 15GB3912001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 1 | 2039-12-05 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2024-12-09 | 01GB2512001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | CNY | 2 | 2025-12-09 | 0 | 0 | 2 | 0 | 0 | 0 |
| 2024-12-09 | 05GB2912002 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | CNY | 3 | 2029-12-10 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2024-12-17 | 03GB2712R | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 18 | 2027-12-17 | 0 | 0 | 0 | 18 | 0 | 0 |
| 2024-12-18 | Y2498 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 2 | 2025-12-17 | 0 | 0 | 2 | 0 | 0 | 0 |
| TOTAL | NA | NA | NA | 30 | 0 | 0 | 4 | 18 | 4 | 4 | ||
| 2025-01-15 | Y2585 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 5 | 2026-01-14 | 0 | 0 | 5 | 0 | 0 | 0 |
| 2025-01-16 | 10GB3501001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 2 | 2035-01-16 | 0 | 0 | 0 | 0 | 0 | 2 |
| TOTAL | NA | NA | NA | 7 | 0 | 0 | 5 | 0 | 0 | 2 | ||
| 2025-02-12 | Y2586 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 3 | 2026-02-11 | 0 | 0 | 3 | 0 | 0 | 0 |
| 2025-02-20 | 01GH2602001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 2 | 2026-02-20 | 0 | 0 | 2 | 0 | 0 | 0 |
| 2025-02-24 | 02Y2702 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2027-02-24 | 0 | 0 | 0 | 1 | 0 | 0 |
| TOTAL | NA | NA | NA | 6 | 0 | 0 | 5 | 1 | 0 | 0 | ||
| 2025-03-06 | 20GB4503001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 1 | 2045-03-06 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2025-03-10 | 01GB2603001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | CNY | 2 | 2026-03-10 | 0 | 0 | 2 | 0 | 0 | 0 |
| 2025-03-12 | Y2587 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 3 | 2026-03-11 | 0 | 0 | 3 | 0 | 0 | 0 |
| TOTAL | NA | NA | NA | 6 | 0 | 0 | 5 | 0 | 0 | 1 | ||
| 2025-04-09 | Y2588 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 4 | 2026-04-08 | 0 | 0 | 4 | 0 | 0 | 0 |
| 2025-04-25 | 03GB2804001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 8 | 2028-04-25 | 0 | 0 | 0 | 0 | 8 | 0 |
| 2025-04-28 | 01GB2604001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | CNY | 2 | 2026-04-28 | 0 | 0 | 2 | 0 | 0 | 0 |
| TOTAL | NA | NA | NA | 14 | 0 | 0 | 6 | 0 | 8 | 0 | ||
| 2025-05-07 | H2548 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 17 | 2025-11-05 | 0 | 17 | 0 | 0 | 0 | 0 |
| 2025-05-14 | H2549 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 19 | 2025-11-12 | 0 | 19 | 0 | 0 | 0 | 0 |
| 2025-05-15 | 01GH2605001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 2 | 2026-05-15 | 0 | 0 | 2 | 0 | 0 | 0 |
| 2025-05-15 | 02GB2705001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | CNY | 2 | 2027-05-17 | 0 | 0 | 0 | 2 | 0 | 0 |
| 2025-05-15 | 05GB3005001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | CNY | 3 | 2030-05-15 | 0 | 0 | 0 | 0 | 3 | 0 |
| 2025-05-15 | 05GB3005002 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 6 | 2030-05-15 | 0 | 0 | 0 | 0 | 6 | 0 |
| 2025-05-15 | 10GB3505001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | CNY | 3 | 2035-05-15 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2025-05-21 | H2550 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 15 | 2025-11-19 | 0 | 15 | 0 | 0 | 0 | 0 |
| 2025-05-26 | 02Y2705 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2027-05-26 | 0 | 0 | 0 | 1 | 0 | 0 |
| 2025-05-28 | H2551 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 15 | 2025-11-26 | 0 | 15 | 0 | 0 | 0 | 0 |
| TOTAL | NA | NA | NA | 83 | 0 | 66 | 2 | 3 | 9 | 3 | ||
| 2025-06-04 | H2552 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 13 | 2025-12-03 | 0 | 13 | 0 | 0 | 0 | 0 |
| 2025-06-11 | H2553 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 14 | 2025-12-10 | 0 | 14 | 0 | 0 | 0 | 0 |
| 2025-06-18 | H2554 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 13 | 2025-12-17 | 0 | 13 | 0 | 0 | 0 | 0 |
| 2025-06-25 | H2555 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 20 | 2025-12-24 | 0 | 20 | 0 | 0 | 0 | 0 |
| TOTAL | NA | NA | NA | 60 | 0 | 60 | 0 | 0 | 0 | 0 | ||
| 2025-07-02 | H2556 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 20 | 2025-12-31 | 0 | 20 | 0 | 0 | 0 | 0 |
| 2025-07-09 | H2557 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 20 | 2026-01-07 | 0 | 20 | 0 | 0 | 0 | 0 |
| 2025-07-16 | H2558 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 20 | 2026-01-14 | 0 | 20 | 0 | 0 | 0 | 0 |
| 2025-07-23 | H2559 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 13 | 2026-01-21 | 0 | 13 | 0 | 0 | 0 | 0 |
| 2025-07-24 | 10GB3507001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 2 | 2035-07-24 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2025-07-28 | 01GB2607001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | CNY | 2 | 2026-07-28 | 0 | 0 | 2 | 0 | 0 | 0 |
| 2025-07-28 | 03GB2807001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | CNY | 3 | 2028-07-28 | 0 | 0 | 0 | 0 | 3 | 0 |
| 2025-07-30 | H2560 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 15 | 2026-01-28 | 0 | 15 | 0 | 0 | 0 | 0 |
| TOTAL | NA | NA | NA | 95 | 0 | 88 | 2 | 0 | 3 | 2 | ||
| 2025-08-06 | H2561 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 14 | 2026-02-04 | 0 | 14 | 0 | 0 | 0 | 0 |
| 2025-08-06 | Q2532 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 63 | 2025-11-05 | 63 | 0 | 0 | 0 | 0 | 0 |
| 2025-08-13 | H2562 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 16 | 2026-02-11 | 0 | 16 | 0 | 0 | 0 | 0 |
| 2025-08-13 | Q2533 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 65 | 2025-11-12 | 65 | 0 | 0 | 0 | 0 | 0 |
| 2025-08-14 | 01GH2608001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 2 | 2026-08-14 | 0 | 0 | 2 | 0 | 0 | 0 |
| 2025-08-18 | 02GB2708001 | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | CNY | 2 | 2027-08-18 | 0 | 0 | 0 | 2 | 0 | 0 |
| 2025-08-20 | H2563 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 14 | 2026-02-20 | 0 | 0 | 14 | 0 | 0 | 0 |
| 2025-08-20 | Q2534 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 66 | 2025-11-19 | 66 | 0 | 0 | 0 | 0 | 0 |
| 2025-08-25 | 02Y2708 | Exchange Fund Note | HONG KONG MONETARY AUTHORITY | HKD | 1 | 2027-08-25 | 0 | 0 | 0 | 1 | 0 | 0 |
| 2025-08-27 | H2564 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 14 | 2026-02-25 | 0 | 14 | 0 | 0 | 0 | 0 |
| 2025-08-27 | Q2535 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 67 | 2025-11-26 | 67 | 0 | 0 | 0 | 0 | 0 |
| TOTAL | NA | NA | NA | 324 | 261 | 44 | 16 | 3 | 0 | 0 | ||
| 2025-09-03 | H2565 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 16 | 2026-03-04 | 0 | 16 | 0 | 0 | 0 | 0 |
| 2025-09-03 | Q2536 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 65 | 2025-12-03 | 65 | 0 | 0 | 0 | 0 | 0 |
| 2025-09-10 | H2566 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 16 | 2026-03-11 | 0 | 16 | 0 | 0 | 0 | 0 |
| 2025-09-10 | Q2537 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 63 | 2025-12-10 | 63 | 0 | 0 | 0 | 0 | 0 |
| 2025-09-17 | H2567 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 14 | 2026-03-18 | 0 | 14 | 0 | 0 | 0 | 0 |
| 2025-09-17 | Q2538 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 63 | 2025-12-17 | 63 | 0 | 0 | 0 | 0 | 0 |
| 2025-09-25 | H2568 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 15 | 2026-03-25 | 0 | 15 | 0 | 0 | 0 | 0 |
| 2025-09-25 | Q2539 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 64 | 2025-12-24 | 64 | 0 | 0 | 0 | 0 | 0 |
| TOTAL | NA | NA | NA | 316 | 255 | 61 | 0 | 0 | 0 | 0 | ||
| 2025-10-02 | H2569 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 20 | 2026-04-01 | 0 | 20 | 0 | 0 | 0 | 0 |
| 2025-10-02 | Q2540 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 68 | 2025-12-31 | 68 | 0 | 0 | 0 | 0 | 0 |
| 2025-10-08 | H2570 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 19 | 2026-04-08 | 0 | 19 | 0 | 0 | 0 | 0 |
| 2025-10-08 | Q2541 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 69 | 2026-01-07 | 69 | 0 | 0 | 0 | 0 | 0 |
| 2025-10-10 | 03GB2810R | Government Bond | THE GOVERNMENT OF THE HKSAR OF THE PRC | HKD | 55 | 2028-10-10 | 0 | 0 | 0 | 0 | 55 | 0 |
| 2025-10-15 | H2571 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 19 | 2026-04-15 | 0 | 19 | 0 | 0 | 0 | 0 |
| 2025-10-15 | Q2542 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 68 | 2026-01-14 | 68 | 0 | 0 | 0 | 0 | 0 |
| 2025-10-22 | H2572 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 12 | 2026-04-22 | 0 | 12 | 0 | 0 | 0 | 0 |
| 2025-10-22 | Q2543 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 64 | 2026-01-21 | 64 | 0 | 0 | 0 | 0 | 0 |
| 2025-10-30 | H2573 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 15 | 2026-04-29 | 0 | 15 | 0 | 0 | 0 | 0 |
| 2025-10-30 | Q2544 | Exchange Fund Bill | HONG KONG MONETARY AUTHORITY | HKD | 63 | 2026-01-28 | 63 | 0 | 0 | 0 | 0 | 0 |
| TOTAL | NA | NA | NA | 472 | 332 | 85 | 0 | 0 | 55 | 0 |
Note: All amounts shown are rounded to whole numbers (billions HKD). Monthly totals appear as rows with “TOTAL” in the Issue Number column.
Data Processing Notes
- All currency amounts have been converted to HKD equivalents using historical exchange rates
- Amounts are rounded to whole numbers (billions HKD) for readability
- Maturity calculations are based on time from issue date to maturity date
- Analysis includes all available bills and notes in the dataset
Data Source
- Source File: exchange_fund_bills_notes_20251104_212737_cleaned.rds
- Analysis Date: 2025-11-04
- Total Records Analyzed: 100
Report generated using R Markdown