Hong Kong Monetary Authority - Exchange Fund Balance Sheet Data

Press Releases

14 Dec 2005

Exchange Fund Balance Sheet Data

The Hong Kong Monetary Authority (HKMA) released today (Wednesday) key data on the balance sheet of the Exchange Fund at the end of November 2005, reporting an increase of HK$13.1 billion in the foreign assets of the Exchange Fund during the month.

Foreign assets, representing the external assets of the Exchange Fund, amounted to HK$877.1 billion.

The Monetary Base, comprising Certificates of Indebtedness, Government issued currency notes and coins in circulation, the Aggregate Balance of the banking system and Exchange Fund Bills and Notes issued, amounted to HK$276.9 billion.

Claims on the private sector in Hong Kong amounted to HK$79.5 billion.

Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to HK$1.5 billion.

The balance sheet data of the Exchange Fund are released in accordance with the International Monetary Fund's Special Data Dissemination Standard (SDDS) and are referred to as the Analytical Accounts of the Central Bank under SDDS (Annex).

For further enquiries, please contact:
Jasmin Fung, Manager (Press), at 2878 8246 or
Wong Hing-fung, Resource Co-ordinator, at 2878 1802

Hong Kong Monetary Authority
14 December 2005

At present, four press releases relating to the Exchange Fund's data are issued by the HKMA each month. Three of these releases are issued to disseminate monetary data in accordance with the International Monetary Fund's Special Data Dissemination Standard (SDDS). The fourth press release, on the Exchange Fund's Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA's policy of maintaining a high level of transparency. For the month of December 2005, the scheduled dates for issuing the press releases are as follows:

7 December (Issued)	SDDS International Reserves (Hong Kong's Latest Foreign Currency Reserve Assets Figures)
14 December	SDDS Analytical Accounts of the Central Bank (Exchange Fund Balance Sheet Data)
23 December	Exchange Fund Abridged Balance Sheet and Currency Board Account
30 December	SDDS Template on International Reserves and Foreign Currency Liquidity

Annex

Analytical Accounts of the Central Bank
(in millions of Hong Kong dollars)

	Monetary Base (1)	Claims on the Hong Kong SAR Government (2)	Claims on the Private Sector in Hong Kong (3)	Foreign Assets (4)	Foreign Liabilities (5)
30 November 2004	288,362	0	76,694	868,326	137
31 December 2004	294,871	0	55,858	904,904	157
31 January 2005	305,786	0	65,249	907,743	1,382
28 February 2005	296,192	0	64,428	902,425	1,910
31 March 2005	286,496	0	76,790	878,677	1,431
30 April 2005	286,597	0	72,940	883,019	946
31 May 2005	280,600	0	76,386	876,818	12,572
30 June 2005	281,399	0	79,673	869,178	5,953
31 July 2005	279,322	0	73,816	874,333	4,626
31 August 2005	277,618	0	85,292	866,513	1,379
30 September 2005	280,684	0	74,547	879,004	1,487
31 October 2005	278,179	0	81,259	864,016	2,308
30 November 2005	276,859	0	79,483	877,135	1,464

(1) The Monetary Base comprises Certificates of Indebtedness (for backing the currency notes), Government-issued currency notes and coins in circulation, the Aggregate Balance of the banking system and Exchange Fund Bills and Notes issued.

(2) Claims on the Hong Kong SAR Government refer to any lending to the Government.

(3) Claims on the Private Sector in Hong Kong are bank deposits.

(4) Foreign Assets represent the external assets of the Exchange Fund and exclude foreign currency deposits placed with banks in Hong Kong.

(5) Foreign Liabilities include obligations under repurchase agreements, securities lending with cash collateral arrangements and fees payable to the Exchange Fund's external managers.

Hong Kong Monetary Authority
14 December 2005

Latest Press Releases

View All View All