The Hong Kong Monetary Authority (HKMA) announced today (Wednesday) that the official foreign currency reserve assets of Hong Kong amounted to US$160.6 billion at the end of September 2008 (end-August 2008: US$158.1 billion) (Table 1).
Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of September 2008 also stood at US$160.6 billion (end-August 2008: US$158.1 billion).
Hong Kong is the world's ninth largest holder of foreign currency reserves based on the latest published figures, after Mainland China, Japan, Russia, India, Taiwan, Korea, Brazil and Singapore (Table 2).
The total foreign currency reserve assets of US$160.6 billion represent about seven times the currency in circulation or 41% of Hong Kong dollar M3.
The release calendar of foreign currency reserve assets for 2009 is announced below:
|Reference Month||Release Date|
|January 2009||9 February 2009|
|February 2009||9 March 2009|
|March 2009||7 April 2009|
|April 2009||7 May 2009|
|May 2009||8 June 2009|
|June 2009||7 July 2009|
|July 2009||7 August 2009|
|August 2009||7 September 2009|
|September 2009||7 October 2009|
|October 2009||9 November 2009|
|November 2009||7 December 2009|
|December 2009||7 January 2010|
For further enquiries, please contact:
Peggy Lo, Manager (Press), at 2878 1687 or
Hing-fung Wong, Manager (Press), at 2878 1802
Hong Kong Monetary Authority
8 October 2008
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 October 2008, the scheduled dates for issuing the press releases are as follows:
|8 October||SDDS International Reserves (Hong Kong's Latest Foreign Currency Reserve Assets Figures)|
|14 October||SDDS Analytical Accounts of the Central Bank (Analytical Accounts of the Exchange Fund)|
|31 October||Exchange Fund Abridged Balance Sheet and Currency Board Account|
|31 October||SDDS Template on International Reserves and Foreign Currency Liquidity|