Hong Kong's Latest Foreign Currency Reserve Assets Figures Released

Press Releases

07 Jul 2010

Hong Kong's Latest Foreign Currency Reserve Assets Figures Released

The Hong Kong Monetary Authority (HKMA) announced today (Wednesday) that the official foreign currency reserve assets of Hong Kong amounted to US$256.8 billion at the end of June 2010 (end-May 2010: US$256.2 billion) (Table 1). There were no unsettled forward contracts at end of June and end of May.

Hong Kong is the world's eighth largest holder of foreign currency reserves based on the latest published figures, after Mainland China, Japan, Russia, Taiwan, India, Korea and Switzerland (Table 2).

The total foreign currency reserve assets of US$256.8 billion represent over nine times the currency in circulation or about 56% of Hong Kong dollar M3.

Tables 1 & 2

For further enquiries, please contact:
Yokee Wong, Manager (Communications), at 2878 1213 or
Natalie Wu, Officer (Communications), at 2878 8246

Hong Kong Monetary Authority
7 July 2010

 

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 July 2010, the scheduled dates for issuing the press releases are as follows:

7 July SDDS International Reserves (Hong Kong's Latest Foreign Currency Reserve Assets Figures)
14 July SDDS Analytical Accounts of the Central Bank (Analytical Accounts of the Exchange Fund)
30 July Exchange Fund Abridged Balance Sheet and Currency Board Account
30 July SDDS Template on International Reserves and Foreign Currency Liquidity
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Last revision date : 07 July 2010