Hong Kong Monetary Authority

The Hong Kong Monetary Authority (HKMA) released today (15 November) key data on the balance sheet of the Exchange Fund at end-October 1999, reporting an increase of HK$1.0 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$663.8 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$199.1 billion. Claims on the private sector in Hong Kong amounted to HK$51.7 billion.

The balance sheet data of the Exchange Fund are released on a monthly basis 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).

Hong Kong Monetary Authority

15 November 1999

             Monetary  Claims on     Claims on    Foreign   Foreign
             Base(1)   the Hong      the Private  Assets(4) Liabilities (5)
                       Kong SAR      Sector in
                       Government(2) Hong Kong(3)
31-Jan-1999  196,520   0             80,078       655,955   310
28-Feb-1999  203,042   0             71,566       661,465   46
31-Mar-1999  199,433   0             68,142 r     655,862   25
30-Apr-1999  198,256   0             60,145       656,843   20
31-May-1999  197,281   0             57,826       652,107   8
30-Jun-1999  196,479   0             62,106       645,393   35
31-Jul-1999  196,041   0             48,389       654,866   47
31-Aug-1999  196,568   0             54,623       655,054   40
30-Sep-1999  200,768   0             55,914       662,831   489
31-Oct-1999  199,145   0             51,748       663,782   44

r - revised figure

**************************

(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

15 November 1999

© 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.