The Hong Kong Monetary Authority (HKMA) released today (Thursday) key data on the balance sheet of the Exchange Fund at the end of September 2004, reporting an increase of HK$2.5 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$859.2 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$278.7 billion.
Claims on the private sector in Hong Kong amounted to HK$64.5 billion.
Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to HK$3.7 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).
Release calendar
The release calendar of the Analytical Accounts of the Central Bank for 2005 is announced below:
Reference Month Release Date
January 2005 14 February 2005
February 2005 14 March 2005
March 2005 14 April 2005
April 2005 17 May 2005
May 2005 14 June 2005
June 2005 14 July 2005
July 2005 15 August 2005
August 2005 14 September 2005
September 2005 14 October 2005
October 2005 14 November 2005
November 2005 14 December 2005
December 2005 16 January 2006
For further enquiries, please contact:
Jasmin Fung, Manager (Press), at 2878 8246 or
Kevin Ip, Manager (Press), at 2878 1687
Hong Kong Monetary Authority
14 October 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 October 2004, the scheduled dates for issuing the press releases are as follows:
7 October
(Issued) |
SDDS International Reserves (Hong Kong's Latest Foreign Currency Reserve Assets Figures) |
| 14 October |
SDDS Analytical Accounts of the Central Bank (Exchange Fund Balance Sheet Data) |
| 29 October |
Exchange Fund Abridged Balance Sheet and Currency Board Account |
| 29 October |
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 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 |
| 30 April 2004 |
323,503 |
0 |
57,311 |
899,129 |
495 |
| 31 May 2004 |
303,582 |
0 |
50,854 |
889,863 |
2,921 |
| 30 June 2004 |
305,310 |
0 |
52,471 |
893,482 |
2,290 |
| 31 July 2004 |
280,990 |
0 |
52,558 |
870,685 |
7,274 |
| 31 August 2004 |
277,738 |
0 |
67,613 |
856,748 |
5,880 |
| 30 September 2004 |
278,711 |
0 |
64,534 |
859,233 |
3,681 |
(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 October 2004
