香港金融管理局（金管局）今日公布外汇基金截至1998年6月底未经审核的资产负债表。根据刚公布的数字显示，1998年上半年外汇基金总资产由1997年12月底的6,367亿港元增加至 1998年6月底的6,595亿港元，升幅为3.6%。连同少数股东权益计算在内，外汇基金的累计盈余由1997年12月底的1,902亿港元增加至1998年6月底的2,020亿港元，升幅为6.2%。
金管局总裁任志刚说：「在亚洲金融风暴的背景下，市场表现反覆不定，外汇基金累计盈余在这段期间能够取得6.2%的增长，实在令人鼓舞。」
金管局一直审慎管理外汇基金，在1998年上半年市况极为波动的情况下，采取了防御性的债券和货币投资策略。
金管局对1998年下半年的投资前景并不乐观。随着欧元推出，预期全球股票和债券市场表现会更为反覆。美国利率可能会上升，而这种情况会对美国债券和股票市场构成不利影响。由于美元继续保持强势，以美元来计算，基金中的非美元资产表现亦可能会未如理想。
任志刚又说：「金管局会继续审慎管理外汇基金，力求在回报、风险与流动性之间取得平衡，并会完全遵循外汇基金谘询委员会定下的指引。」
与去年同期比较，外汇基金总资产在1998年上半年的增幅放缓，是因为政府库务署存放在外汇基金的财政储备增长减慢。在1998年下半年，外汇基金的财政储备预期会被进一步提取，可能会导致外汇基金的总资产在1998年底出现减少。
香港金融管理局
1998年7月23日
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Exchange Fund Balance Sheet as at |
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| 30 June 1998 |
31 December 1997 | 30 June 1997 | 31 December 1996 | 30 June 1996 | 31 December 1995 | |
| (Unaudited) | (Audited) | (Unaudited) | (Audited) | (Unaudited) | (Audited) | |
| HK$ Million | HK$ Million | HK$ Million | HK$ Million | HK$ Million | HK$ Million | |
| (Group) | (Group) | (Fund) | (Fund) | (Fund) | (Fund) | |
| ASSETS | ||||||
| Cash and short-term funds | 98,615 | 99,880 | 125,050 | 126,648 | 117,208 | 100,343 |
| Fixed deposits | 50,565 | 74,999 | 66,796 | 63,401 | 56,780 | 76,830 |
| Certificates of deposit | 43,522 | 69,387 | 74,578 | 64,065 | 49,880 | 23,657 |
| Investments | 446,774 | 374,588 | 292,302 | 270,869 | 249,326 | 250,702 |
| Mortgage loans | 4,141 | 650 | ||||
| Fixed assets | 287 | 290 | 167 | 166 | 97 | 58 |
| Other assets | 15,633 | 16,896 | 9,861 | 9,368 | 11,703 | 9,144 |
| Total Assets (Appendix A) |
659,537 | 636,690 | 568,754 | 534,517 | 484,994 | 460,734 |
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| LIABILITIES | ||||||
| Certificates of Indebtedness | 84,675 | 87,015 | 91,985 | 82,480 | 78,270 | 77,600 |
| Coins in circulation | 5,648 | 5,399 | 4,564 | 4,164 | 3,797 | 3,597 |
| Balance of banking system | 497 | 296 | 480 | 474 | 3,925 | 1,762 |
| Exchange Fund Bills and Notes | 87,758 | 89,338 | 89,338 | 83,509 | 56,726 | 53,311 |
| The Hong Kong Mortgage Corporation Limited Notes | 1,362 | |||||
| Fiscal Reserves Account | 245,393 | 237,629 | 182,168 | 145,898 | 148,801 | 125,916 |
| Placements by other institutions and other borrowings | 24,887 | 21,062 | 13,504 | 39,125 | 25,813 | 34,302 |
| Other liabilities | 7,272 | 5,740 | 4,828 | 6,005 | 6,008 | 4,112 |
| Total Liabilities | 457,492 | 446,479 | 386,867 | 361,655 | 323,340 | 300,600 |
| NET ASSETS | 202,045 | 190,211 | 181,887 | 172,862 | 161,654 | 160,134 |
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| REPRESENTING | ||||||
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| ACCUMULATED SURPLUS | 201,949 | 190,136 | 181,887 | 172,862 | 161,654 | 160,134 |
| MINORITY INTERESTS | 96 | 75 | ||||
| TOTAL | 202,045 | 190,211 | 181,887 | 172,862 | 161,654 | 160,134 |
Note : The consolidated balance sheet for 30 June 1998 and 31 December 1997 comprises the accounts of the Exchange Fund (Fund) and its subsidiary companies (Group).
Balance sheets for prior periods were not prepared on a consolidated basis. The financial effect of the change is immaterial.
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TOTAL ASSETS |
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| 30 June 1998 | 31 December 1997 | 30 June 1997 | 31 December 1996 | 30 June 1996 | 31 December 1995 | |
| (Unaudited) | (Audited) | (Unaudited) | (Audited) | (Unaudited) | (Audited) | |
| HK$mn | (Group) | (Group) | (Fund) | (Fund) | (Fund) | (Fund) |
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| Foreign currency assets | 608,923 | 588,475 | 523,891 | 493,802 | 443,609 | 428,547 |
| Hong Kong dollar assets | 50,614 | 48,215 | 44,863 | 40,715 | 41,385 | 32,187 |
| Total | 659,537 | 636,690 | 568,754 | 534,517 | 484,994 | 460,734 |
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| Statistics on total foreign currency assets and forward foreign exchange transactions of the Exchange Fund are shown below. | ||||||
| HK$mn | 30 June 1998 | 31 December 1997 | 30 June 1997 | 31 December 1996 | 30 June 1996 | 31 December 1995 |
| Exchange Fund foreign currency assets excluding forward transactions | 608,923 | 588,475 | 523,891 | 493,802 | 443,609 | 428,547 |
| Net forward transactions | 190 | 1,892 | 16,377 | 44,235 | 20,578 | 13,507 |
| Including forward transactions | 609,113 | 590,367 | 540,268 | 538,037 | 464,187 | 442,054 |
| US$ equivalent at market rates | US$78,609 mn | US$76,191 mn | US$69,736 mn | US$69,559 mn | US$59,966 mn | US$57,171 mn |
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| Note : The consolidated balance sheet for 30 June 1998 and 31 December 1997 comprises the accounts of the Exchange Fund (Fund) and its subsidiary | ||||||
| companies (Group). Balance sheets for prior periods were not prepared on a consolidated basis. The financial effect of the change is immaterial. | ||||||
