Hong Kong's Latest Foreign Currency Reserve Assets Figures Released

Press Releases

07 Feb 2007

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$133.7 billion at the end of January 2007 (end-December 2006: US$133.2 billion) (Table 1).

Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of January 2007 also stood at US$133.7 billion (end-December 2006: US$133.2 billion).

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

The total foreign currency reserve assets of US$133.7 billion represent over six times the currency in circulation or about 37% of Hong Kong dollar M3.

Tables 1 & 2

For further enquiries, please contact:
Sara Yip, Manager (Press), at 2878 8246 or
Ying-ying Cheng, Manager (Press), at 2878 1687

Hong Kong Monetary Authority
7 February 2007

 

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 February 2007, the scheduled dates for issuing the press releases are as follows:

7 February SDDS International Reserves (Hong Kong's Latest Foreign Currency Reserve Assets Figures)
14 February SDDS Analytical Accounts of the Central Bank (Analytical Accounts of the Exchange Fund)
28 February Exchange Fund Abridged Balance Sheet and Currency Board Account
28 February SDDS Template on International Reserves and Foreign Currency Liquidity
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Last revision date : 07 February 2007