Hong Kong Exchange Fund assets HK$3.83 trln end-Feb -HKMA

March 31 (Reuters) - Assets at the Exchange Fund, which is

used to back the Hong Kong dollar, totalled HK$3,825.0 billion

($492.29 billion) at the end of February, the Hong Kong Monetary

Authority (HKMA) said on Friday.

The figure was HK$48.9 billion higher than the total at the

end of January, with foreign currency assets and Hong Kong

dollar assets rising HK$41.7 billion and HK$7.2 billion

respectively, the city's de facto central bank said in a

statement.

The HKMA said the rise in foreign currency assets was mainly

due to mark-to-market gains on foreign currency portfolios, the

purchase of foreign currencies with Hong Kong dollars and an

increase in unsettled purchase of securities.

These increases were partly offset by the redemption of

certificates of indebtedness.

The rise in Hong Kong dollar assets was mainly due to the

increase in exchange fund bills and notes issued but not yet

settled, which was partly offset by the sale of Hong Kong

dollars for foreign currencies.

($1 = 7.7698 Hong Kong dollars)

(Reporting by Twinnie Siu in HONG KONG; Editing by Biju

Dwarakanath)