The Hong Kong Monetary Authority (HKMA) released today (Monday)
key data on the balance sheet of the Exchange Fund at the end of
November 2002, reporting an increase of HK$0.1 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$819 billion.
The Monetary Base, comprising Certificates of Indebtedness,
Government-issued currency notes and coins in circulation, the
Aggregate Balance of the banking system and Exchange Fund Bills and
Notes issued, amounted to HK$241.4 billion.
Claims on the private sector in Hong Kong amounted to HK$51.5
billion.
Foreign liabilities, representing mainly obligations under
repurchase agreements, amounted to HK$11.2 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).
For further enquiries, please contact:
Jasmin Fung, Manager (Press), at 2878 8246 or
Sylvia Yip, Manager (Press), at 2878 1687
Hong Kong Monetary Authority
16 December 2002
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 December, the scheduled dates for issuing the
press releases are as follows:
| 9 December (Issued) |
SDDS International Reserves (Hong Kong's Latest Foreign
Currency Reserve Assets Figures) |
| 16 December |
SDDS Analytical Accounts of the Central Bank (Exchange Fund
Balance Sheet Data) |
| 27 December |
Exchange Fund Abridged Balance Sheet and Currency Board
Account |
| 31 December |
SDDS Template on International Reserves and Foreign Currency
Liquidity |
Annex
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)
|
|
30 November 2001
|
225,750
|
0
|
61,880
|
836,460
|
48,453
|
|
31 December 2001
|
229,741
|
0
|
51,017
|
822,613
|
41,974
|
|
31 January 2002
|
236,033
|
0
|
58,658
|
832,643
|
39,923
|
|
28 February 2002
|
237,803
|
0
|
53,576
|
829,516
|
35,289
|
|
31 March 2002
|
238,762
|
0
|
42,660
|
822,113
|
27,831
|
|
30 April 2002
|
235,278
|
0
|
47,359
|
823,173
|
26,760
|
|
31 May 2002
|
236,101
|
0
|
53,800
|
818,645
|
20,695
|
|
30 June 2002
|
238,461
|
0
|
38,915
|
840,757
|
16,893
|
|
31 July 2002
|
236,943
|
0
|
39,165
|
841,620
|
19,358
|
|
31 August 2002
|
239,313
|
0
|
36,761
|
842,943
|
17,421
|
|
30 September 2002
|
240,798
|
0
|
49,054
|
825,159
|
25,852
|
|
31 October 2002
|
239,328
|
0
|
50,030
|
818,868
|
14,292
|
|
30 November 2002
|
241,373
|
0
|
51,514
|
818,958
|
11,246
|
(1) The Monetary Base comprises Certificates of Indebtedness
(for backing the currency notes), Government-issued currency notes
and coins in circulation, 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, securities lending with cash collateral arrangements
and fees payable to the Exchange Fund's external managers.
Hong Kong Monetary Authority
16 December 2002
