The Hong Kong Monetary Authority (HKMA) released today (14
February 2001) key data on the balance sheet of the Exchange Fund
at the end of January 2001, reporting an increase of HK$29.9
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$833.3 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$227.9
billion.
Claims on the private sector in Hong Kong amounted to HK$69.5
billion.
Foreign liabilities, representing mainly obligations under
repurchase agreements, amounted to HK$34.1 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).
For further enquiries, please contact:
Jasmin Fung, Manager (Press), at 2878 8246 or
Thomas Chan, Senior Manager (Press), at 2878 1480
Hong Kong Monetary Authority
14 February 2001
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 February, the scheduled dates for issuing the press releases are
as follows:
| 7 February (Issued) |
SDDS International Reserves (Hong Kong's Latest Foreign
Currency Reserve Assets Figures) |
| 14 February |
DDS Analytical Accounts of the Central Bank (Exchange Fund
Balance Sheets Data) |
| 22 February |
Exchange Fund Abridged Balance Sheet and Currency Board
Account |
| 28 February |
SDDS Template on International Reserves and ForeignCurrency
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 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
|
|
30 November 2000
|
208,658
|
0
|
55,316
|
777,323
|
18,546
|
|
31 December 2000
|
215,404
|
0
|
45,288
|
803,399
|
19,816
|
|
31 January 2001
|
227,857
|
0
|
69,543
|
833,327
|
34,134
|
- 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 obligations under repurchase
agreements, securities lending with cash collateral arrangements
and fees payable to the Exchange Fund's external managers.
Hong Kong Monetary Authority
14 February 2001
