Hong Kong’s Latest Foreign Currency Reserve Assets Figures Released

The Hong Kong Monetary Authority (HKMA) announced today  (Wednesday) that the official foreign currency reserve assets of Hong Kong amounted to US$301.7 billion as at the end of October 2012 (end-September 2012: US$301.2 billion) (Annex).

Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of October 2012 stood at US$302.4 billion (end-September 2012: US$301.2 billion).

The total foreign currency reserve assets of US$301.7 billion represent over eight times the currency in circulation or about 54% of Hong Kong dollar M3.

Annex

Hong Kong Monetary Authority
7 November 2012

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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 November 2012, the scheduled dates for issuing the press releases are as follows: