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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) announced today (January 7) that the official foreign currency reserve assets of Hong Kong amounted to US$255.8 billion at the end of December 2009 (end-November 2009: US$256.3 billion) (Table 1).
Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of December 2009 also stood at US$255.8 billion (end-November 2009: US$256.3 billion).
Hong Kong is the world's seventh largest holder of foreign currency reserves based on the latest published figures, after Mainland China, Japan, Russia, Taiwan, India and Korea (Table 2).
The total foreign currency reserve assets of US$255.8 billion represent about ten times the currency in circulation or 55% of Hong Kong dollar M3.
For further enquiries, please contact:
Hing-fung Wong, Manager (Communications), at 2878 1802 or
Natalie Wu, Officer (Communications), at 2878 8246
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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 January 2010, the scheduled dates for issuing the press releases are as follows:
January 7 SDDS International Reserves (Hong Kong's Latest Foreign Currency Reserve Assets Figures)
January 14 SDDS Analytical Accounts of the Central
Bank (Analytical Accounts of the Exchange
Fund)
January 29 Exchange Fund Abridged Balance Sheet and
Currency Board Account
January 29 SDDS Template on International Reserves
and Foreign Currency Liquidity
Ends/Thursday, January 7, 2010
Issued at HKT 16:31
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