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The Hong Kong Monetary Authority (HKMA) released today (July 16) key analytical accounts of the Exchange Fund at the end of June 2007, reporting a decrease of HK$2.9 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$1,019.8 billion.
The Monetary Base, comprising Certificates of Indebtedness, Government issued currency notes and coins in circulation, the Aggregate Balance of the banking system and Exchange Fund Bills and Notes issued, amounted to HK$298.5 billion.
Claims on the private sector in Hong Kong amounted to HK$76.0 billion.
Foreign liabilities, representing mainly obligations under repurchase agreements, amounted to HK$1.8 billion.
The analytical accounts 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).
For further enquiries, please contact:
Peggy Lo, Manager (Press), at 2878 1687 or
Hing-fung Wong, Officer (Press), at 2878 1802
Hong Kong Monetary Authority
16 July 2007
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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 July 2007, the scheduled dates for issuing the press releases are as follows:
July 9 SDDS International Reserves
(Issued) (Hong Kong's Latest Foreign
Currency Reserve Assets
Figures)
July 16 SDDS Analytical Accounts of
the Central Bank
(Analytical Accounts of the
Exchange Fund)
July 27 Exchange Fund Abridged
Balance Sheet and Currency
Board Account
July 31 SDDS Template on
International Reserves and
Foreign Currency Liquidity
Ends/Monday, July 16, 2007
Issued at HKT 17:03
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