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Latest Foreign Reserves Figures Released

The Hong Kong Monetary Authority (HKMA) announced that the official foreign exchange reserves of Hong Kong, including those held in the Land Fund, were US$88.1 billion at the end of September 1997, an increase of 3.3% from that of end-August (US$85.3 billion). Hong Kong is now the world's third largest holder of foreign reserves after Japan and Mainland China.

The increase in foreign reserves represented mainly an increase in the foreign currency component of the Exchange Fund and the Land Fund.

As at end of September, the foreign reserves held in the Exchange Fund were US$71.4 billion (end-August: US$69.5 billion) and those in the Land Fund were US$16.7 billion (end-August: US$15.8 billion).

Including outstanding forward transactions, the foreign reserves held in the Exchange Fund and the Land Fund were US$71.7 billion (end-August: US$69.6 billion) and US$17.1 billion (end-August: US$15.9 billion) respectively.

 

Hong Kong Monetary Authority

23 October 1997

 


 

Foreign Exchange Reserves Ranking
US$BN As at end of
(1) Japan 225.6 Sep 97
(2) China 130.3 Aug 97
(3) Hong Kong 88.1 Sep 97
(4) Taiwan 87.8 Aug 97
(5) Germany 81.8 Aug 97
(6) Singapore 76.9 Aug 97
(7) US 67.5 Jul 97
(8) Spain 66.7 Aug 97
(9) Brazil 61.2 Sep 97
(10) Italy 54.3 Aug 97

Source: HKMA, IMF, Reuters

 


 

Exchange Fund -- Foreign Currency Assets (US$ billion)
Excluding forward transactions Net forward transactions Including forward transactions
Mar 95 52.4 (0.2) 52.2
Jun 95 53.6 - 53.6
Sep 95 51.8 2.8 54.6
Dec 95 55.4 1.8 57.2
Mar 96 58.1 1.7 59.8
Jun 96 57.3 2.7 60.0
Sep 96 55.4 6.7 62.1
Dec 96 63.8 5.7 69.6
Jan 97 65.9 5.2 71.1
Feb 97 63.8 4.3 68.1
Mar 97 63.4 4.3 67.7
Apr 97 63.6 4.0 67.6
May 97 66.6 1.8 68.4
Jun 97 67.6 2.1 69.7
Jul 97 66.1 2.5 68.6
Aug 97 69.5 0.1 69.6
Sep 97 71.4 0.3 71.7
Last revision date: 1 August 2011
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