Exchange Fund Balance Sheet Data
The Hong Kong Monetary Authority (HKMA) released today (14 July 2000) key data on the balance sheet of the Exchange Fund at the end of June 2000, reporting an increase of HK$24.3 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$723.3 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$208.3 billion.
Claims on the private sector in Hong Kong amounted to HK$45.6 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).
At present, four press releases relating to the Exchange Fund's data are issued each month. Three of these releases are issued to disseminate monetary data in accordance with 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 July, the scheduled dates for issuing the press releases are as follows:
7 July SDDS International Reserves (Hong Kong's Latest
(Issued) Foreign Currency Reserve Assets Figures)
14 July SDDS Analytical Accounts of the Central Bank (Exchange
Fund Balance Sheet Data)
31 July Exchange Fund Abridged Balance Sheet and Currency
Board Account
31 July SDDS Template on International Reserves and Foreign
Currency Liquidity
For further enquiries, please contact:
Jasmin Fung, Manager (Press), at 2878 8246 or
Alice Lo, Manager (Press), at 2878 1843
Hong Kong Monetary Authority
14 July 2000
| Annex 1 |
(in millions of Hong Kong dollars)
(1) 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.
(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 margin payable on securities transactions, fees payable to the Exchange Fund's external managers and obligations under repurchase agreements.
Hong Kong Monetary Authority
14 July 2000
| © Copyright 1996-2006 irasia.com Ltd. All rights reserved. Tel: (852) 2831-9792. |
|
DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any
information provided on this website. Under no circumstances shall irasia.com Ltd be liable
for damages resulting from the use of the information provided on this website.
TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website. |