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The following is issued on behalf of the Hong Kong Monetary Authority :
The Hong Kong Monetary Authority (HKMA) released today (October 15) key analytical accounts of the Exchange Fund at the end of September 2007, reporting an increase of HK$28.2 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$1,023.8 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$304.0 billion.
Claims on the private sector in Hong Kong amounted to HK$86.5 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).
Release calendar
The release calendar of the Analytical Accounts of the Central Bank for 2008 is announced below:
Reference Month Release Date
January 2008 February 14, 2008
February 2008 March 14, 2008
March 2008 April 14, 2008
April 2008 May 14, 2008
May 2008 June 16, 2008
June 2008 July 14, 2008
July 2008 August 14, 2008
August 2008 September 16, 2008
September 2008 October 14, 2008
October 2008 November 14, 2008
November 2008 December 15, 2008
December 2008 January 14, 2009
For further enquiries, please contact:
Thomas Chan, Senior Manager (Press), at 2878 1480 or
Hing-fung Wong, Officer (Press), at 2878 1802
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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 October 2007, the scheduled dates for issuing the press releases are as follows:
October 8 SDDS International Reserves
(Hong Kong's Latest Foreign Currency
Reserve Assets(Issued Figures))
October 15 SDDS Analytical Accounts of the Central
Bank
(Analytical Accounts of the Exchange Fund)
October 31 Exchange Fund Abridged Balance Sheet and
Currency Board Account
October 31 SDDS Template on International Reserves
and Foreign Currency Liquidity
Ends/Monday, October 15, 2007
Issued at HKT 17:29
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