Prior to 1992, the accounts of the Exchange Fund were confidential. In keeping with the commitment to greater transparency in disclosure, the Government started publishing the accounts of the Exchange Fund annually in 1992. Half-yearly accounts have been published since June 1995, and headline figures for the foreign exchange reserves have also been released monthly since January 1997. From 1999, an Abridged balance sheet of the Exchange Fund and a set of Currency Board Accounts have been published monthly. The monthly announcements of Hong Kong's International Reserves and Analytical Accounts of the Central Bank are in compliance with the Special Data Dissemination Standard (SDDS) of the International Monetary Fund (IMF).
In 2000, SDDS was further strengthened by the implementation of a Data Template on International Reserves and Foreign Currency Liquidity (Excel File, 1.52MB). The Template, which is completed and released before the end of each month following the reference month, provides a comprehensive account of the IMF participant's foreign currency assets and drains on such resources arising from various foreign currency liabilities and commitments. The public disclosure of such information on a timely and accurate basis promotes informed decision making in the public and private sectors, thereby helping to improve the functioning of global financial markets.