The Hong Kong Monetary Authority (HKMA) released today (14
November 2000) key data on the balance sheet of the Exchange Fund
at the end of October 2000, reporting an increase of HK$7.5 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$758.7 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$208.1
billion.
Claims on the private sector in Hong Kong amounted to HK$54.1
billion.
Foreign liabilities, representing mainly obligations under
repurchase agreements, amounted to HK$23.9 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).
For further enquiries, please contact:
Jasmin Fung, Manager (Press), at 2878 8246 or
Caitlin Wong, Manager (Press), at 2878 1687
Hong Kong Monetary Authority
14 November 2000
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 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, the scheduled dates for issuing the press releases are
as follows:
7 November
(Issued) |
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) |
| 27 November |
Exchange Fund Abridged Balance Sheet and Currency
Board Account |
| 30 November |
SDDS Template on International Reserves and
Foreign Currency Liquidity |
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 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
|
|
30 June 2000
|
208,344
|
0
|
45,592
|
723,309
|
53
|
|
31 July 2000
|
207,590
|
0
|
53,806
|
738,407
|
16,644
|
|
31 August 2000
|
206,800
|
0
|
49,349
|
746,871
|
21,665
|
|
30 September 2000
|
209,882
|
0
|
54,988
|
751,233
|
21,876
|
|
31 October 2000
|
208,082
|
0
|
54,125
|
758,699
|
23,855
|
(1) 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.
(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 and fees payable to the Exchange Fund's external
managers.
Hong Kong Monetary Authority
14 November 2000
