The Hong Kong Monetary Authority (HKMA) released today (Thursday) key data on the balance sheet of the Exchange Fund at the end of May 2001, reporting a decrease of HK$3.7 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$858 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$217.2 billion.
Claims on the private sector in Hong Kong amounted to HK$51.8 billion.
Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to HK$68.7 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 June 2001
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 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) |
| 29 June |
Exchange Fund Abridged Balance Sheet and Currency Board Account |
| 29 June |
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 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
|
|
28 February 2001
|
217,045
|
0
|
62,301
|
856,800
|
59,959
|
|
31 March 2001
|
216,681
|
0
|
46,394
|
856,380
|
65,115
|
|
30 April 2001
|
220,449
|
0
|
50,103
|
861,731
|
66,845
|
|
31 May 2001
|
217,210
|
0
|
51,778
|
858,038
|
68,691
|
- 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 June 2001
