Exchange Fund Balance Sheet Data
The Hong Kong Monetary Authority (HKMA) released today (14 December 2000) key data on the balance sheet of the Exchange Fund at the end of November 2000, reporting an increase of HK$18.6 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$777.3 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$208.7 billion.
Claims on the private sector in Hong Kong amounted to HK$55.3 billion.
Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to HK$18.5 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).
For further enquiries, please contact:
Caitlin Wong, Manager (Press), at 2878 1687 or
Thomas Chan, Senior Manager (Press), at 2878 1480
Hong Kong Monetary Authority
14 December 2000
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 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:
| 7 December (Issued) | SDDS International Reserves (Hong Kong's Latest Foreign Currency Reserve Assets Figures) |
| 14 December | SDDS Analytical Accounts of the Central Bank (Exchange Fund Balance Sheet Data) |
| 22 December | Exchange Fund Abridged Balance Sheet and Currency Board Account |
| 29 December | SDDS Template on International Reserves and Foreign Currency Liquidity |
Annex 1
Monetary Claims on the Claims on the Foreign Foreign
Base(1) Hong Kong SAR Private Sector Assets(4) Liabilities(5)
Government(2) in Hong Kong(3)
30-Nov-99 202,546 0 89,020 655,569 43
31-Dec-99 234,386 0 77,563 691,261 38
31-Jan-00 223,695 0 85,715 685,114 50
29-Feb-00 211,085 0 77,166 686,391 46
31-Mar-00 208,181 0 73,451 682,512 45
30-Apr-00 208,958 0 74,939 680,747 46
31-May-00 205,151 0 60,116 699,042 52
30-Jun-00 208,344 0 45,592 723,309 53
31-Jul-00 207,590 0 53,806 738,407 16,644
31-Aug-00 206,800 0 49,349 746,871 21,665
30-Sep-00 209,882 0 54,988 751,233 21,876
31-Oct-00 208,082 0 54,125 758,699 23,855
30-Nov-00 208,658 0 55,316 777,323 18,546
(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 obligations under repurchase agreements and fees payable to the Exchange Fund's external managers.
Hong Kong Monetary Authority 14 December 2000
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