The Hong Kong Monetary Authority (HKMA) released today (14 June 2000) key data on the balance sheet of the Exchange Fund at the end of May 2000, reporting an increase of HK$18.3 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$699.0 billion.
The Monetary Base, comprising Certificates of Indebtedness and coins issued, the Aggregate Balance of the banking system and Exchange Fund Bills and Notes issued, amounted to HK$205.2 billion.
Claims on the private sector in Hong Kong amounted to HK$60.1 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 1).
At present, four press releases relating to the Exchange Fund's data are issued each month. Three of these releases are issued to disseminate monetary data in accordance with 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 June, the scheduled dates for issuing the press releases are as follows:
7 June
(Issued) |
SDDS International Reserves (Hong Kong's Latest Foreign Currency Reserve Assets Figures) |
| 14 June |
SDDS Analytical Accounts of the Central Bank (Exchange Fund Balance Sheet Data) |
| 30 June |
Exchange Fund Abridged Balance Sheet and Currency Board Account |
| 30 June |
SDDS Template on International Reserves and Foreign Currency Liquidity |
For further enquiries, please contact:
Thomas Chan, Senior Manager (Press) at 2878 1480 or
Alice Lo, Manager (Press) at 2878 1843
Hong Kong Monetary Authority
14 June 2000
Annex 1
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 January 1999 |
196,520 |
0 |
80,078 |
655,955 |
310 |
| 28 February 1999 |
203,042 |
0 |
71,566 |
661,465 |
46 |
| 31 March 1999 |
199,433 |
0 |
68,142 r |
655,862 |
25 |
| 30 April 1999 |
198,256 |
0 |
60,145 |
656,843 |
20 |
| 31 May 1999 |
197,281 |
0 |
57,826 |
652,107 |
8 |
| 30 June 1999 |
196,479 |
0 |
62,106 |
645,393 |
35 |
| 31 July 1999 |
196,041 |
0 |
48,389 |
654,866 |
47 |
| 31 August 1999 |
196,568 |
0 |
54,623 |
655,054 |
40 |
| 30 September 1999 |
200,768 |
0 |
55,914 |
662,831 |
489 |
| 31 October 1999 |
199,145 |
0 |
51,748 |
663,782 |
44 |
| 30 November 1999 |
202,546 |
0 |
89,020 |
655,569 |
43 |
| 31 December 1999 |
234,386 |
0 |
77,563 |
691,261 |
38 |
| 31 January 2000 |
223,695 |
0 |
85,715 |
685,114 |
50 |
| 29 February 2000 |
211,085 |
0 |
77,166 |
686,391 |
46 |
| 31 March 2000 |
208,181 |
0 |
73,451 |
682,512 |
45 |
| 30 April 2000 |
208,958 |
0 |
74,939 |
680,747 |
46 |
| 31 May 2000 |
205,151 |
0 |
60,116 |
699,042 |
52 |
r - revised figure
- The Monetary Base comprises Certificates of Indebtedness (for backing the currency notes) and coins issued, the Aggregate Balance of the banking system and Exchange Fund Bills and Notes issued.
- Claims on the Hong Kong SAR Government refer to any lending to the Government.
- 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.
- Foreign Assets represent the external assets of the Exchange Fund and exclude foreign currency deposits placed with banks in Hong Kong.
- Foreign Liabilities include margin payable on securities transactions, fees payable to the Exchange Fund's external managers and obligations under repurchase agreements.
Hong Kong Monetary Authority
14 June 2000
