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Press Releases

Hong Kong's Latest Foreign Currency Reserve Assets Figures Released

The Hong Kong Monetary Authority (HKMA) announced today (Monday) that the official foreign currency reserve assets of Hong Kong amounted to US$121.9 billion at the end of October 2005 (end-September 2005: US$122.8 billion) (Table 1).

Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of October 2005 also stood at US$121.9 billion (end-September 2005: US$122.8 billion).

Hong Kong is the world's seventh largest holder of foreign currency reserves, after Japan, Mainland China, Taiwan, Korea, Russia and India (Table 2).

The total foreign currency reserve assets of US$121.9 billion represent over six times the currency in circulation or about 41% of Hong Kong dollar M3.

For further enquiries, please contact:

Hing-Fung Wong, Resource Co-ordinator, at 2878 1802 or
Kevin Ip, Manager (Press), at 2878 1687

Hong Kong Monetary Authority
7 November 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 November 2005, the scheduled dates for issuing the press releases are as follows:

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

Table 1

Foreign Currency Reserve Assets of Hong Kong
(US$ billion)

  Excluding Unsettled
FX Contracts
Unsettled
FX Contracts
Including
Unsettled
FX Contracts
Dec 95 55.4 1.8 57.2
Dec 96 63.8 5.7 69.6
Dec 97 92.8 0.4 93.2
Dec 98 89.6 - 89.6
Dec 99 96.3 - 96.3
Dec 00 107.5 - 107.5
Dec 01 111.2 - 111.2
Dec 02 111.9 - 111.9
Dec 03 118.4 0.5 118.9
       
Jan 04 123.6 - 123.6
Feb 04 123.5 - 123.5
Mar 04 123.8 - 123.8
Apr 04 122.1 - 122.1
May 04 120.1 - 120.1
Jun 04 120.8 - 120.8
Ju1 04 118.3 - 118.3
Aug 04 118.5 - 118.5
Sep 04 118.4 - 118.4
Oct 04 119.5 0.5 120.0
Nov 04 121.5 - 121.5
Dec 04 123.6 - 123.6
       
Jan 05 124.7 (0.5) 124.2
Feb 05 123.9 - 123.9
Mar 05 122.4 - 122.4
Apr 05 122.6 - 122.6
May 05 122.4 - 122.4
Jun 05 122.0 - 122.0
Jul 05 121.9 - 121.9
Aug 05 122.3 - 122.3
Sep 05 122.8 - 122.8
Oct 05* 121.9 - 121.9

 

Figures for the end of 1995 and 1996 do not include Land Fund figures. The Land Fund was established on 1 July 1997 and its foreign currency reserve assets were included thereafter in the above compilation. The assets of the Land Fund were merged into the Exchange Fund in November 1998.

* The latest monthly figures are preliminary and subject to change.

Table 2

Official Reserves Ranking

   

US$ billion

At end of
(1) Japan 843.6 Sep 2005
(2) Mainland China 769.0 Sep 2005
(3) Taiwan 252.0 Oct 2005
(4) Korea 207.3 Oct 2005
(5) Russia 164.3 28 Oct 2005
(6) India 143.8 28 Oct 2005
(7) Hong Kong 121.9 Oct 2005
(8) Singapore 115.6 Sep 2005
(9) Germany 99.7 Sep 2005
(10) Malaysia 80.0 Sep 2005

 

Sources : HKMA, Reuters, the websites of International Monetary Fund, other central banks and monetary authorities, etc.

Last revision date: 1 August 2011
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