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Press Releases

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 March 2004, reporting an increase of HK$0.7 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$913.3 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$322.3 billion.

Claims on the private sector in Hong Kong amounted to HK$53.4 billion.

Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to HK$0.9 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
Thomas Chan, Senior Manager (Press), at 2878 1480

Hong Kong Monetary Authority
14 April 2004

 

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

 

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

31 March 2003

250,843

0

45,208

845,724

12,471

30 April 2003

251,773

0

54,840

838,231

5,572

31 May 2003

252,693

0

51,978

857,477

4,733

30 June 2003

253,960

0

55,540

841,767

4,934

31 July 2003

253,118

0

55,241

824,662

12,969

31 August 2003

255,006

0

53,409

819,243

15,712

30 September 2003

257,895

0

44,201

824,606

9,636

31 October 2003

260,281

0

47,512

825,907

7,432

30 November 2003

268,824

0

59,579

832,974

7,323

31 December 2003

292,672

0

50,841

868,636

1,037

31 January 2004

330,055

0

63,377

909,576

1,128

29 February 2004

323,139

0

51,030

912,620

1,095

31 March 2004

322,272

0

53,421

913,334

926

(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 include bank deposits and investments in debt securities issued by public sector entities in Hong Kong held by the Exchange Fund.

(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 April 2004

Last revision date: 1 August 2011
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