Hong Kong Monetary Authority - Latest Foreign Exchange Reserves Figure Released

Press Releases

26 Jun 1997

Latest Foreign Exchange Reserves Figure Released

Hong Kong's foreign reserves as at end of May were US$66.6 billion - an increase of US$3 billion from a month ago.

The increase was due to seasonal increases in government placements of fiscal reserves with the Exchange Fund.

The above figures excluded forward transactions yet to be settled. Including forward transactions, the foreign reserves reached US$68.4 billion at end May, compared to US$67.6 billion at end April.

Hong Kong Monetary Authority
26 June 1997

Foreign Reserves Ranking

1.	Japan	US$222 billion	May 97
2.	China	US$115 billion	Mar 97
3.	Taiwan	US$89 billion	Apr 97
4.	Germany	US$85 billion	Apr 97
5.	Singapore	US$79 billion	Apr 97
6.	United States	US$68 billion	Mar 97
7.	Hong Kong	US$66.6 billion	May 97
8.	Spain	US$63 billion	Apr 97
9.	Brazil	US$57 billion	Mar 97
10.	Italy	US$45 billion	Apr 97

Exchange Fund Foreign Currency Assets

(US$ Bn)

	Excluding forward transactions	Net forward transactions	Including forward transactions
March 95	52.4	(0.2)	52.2
June 95	53.6	-	53.6
September 95	51.8	2.8	54.6
December 95	55.4	1.8	57.2
March 96	58.1	1.7	59.8
June 96	57.3	2.7	60.0
September 96	55.4	6.7	62.1
December 96	63.8	5.7	69.6
January 97	65.9	5.2	71.1
February 97	63.8	4.3	68.1
March 97	63.4	4.3	67.7
April 97	63.6	4.0	67.6
May 97	66.6	1.8	68.4

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