Hong Kong's Latest Foreign Currency Reserve Assets Figures Released
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The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA) announced today (April 10) that the official foreign currency reserve assets of Hong Kong amounted to US$294.7 billion as at the end of March 2012 (end February 2012: US$294.7 billion) (Annex).

     Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of March 2012 stood at US$294.7 billion (end-February 2012: US$294.7 billion).

     The total foreign currency reserve assets of US$294.7 billion represent over eight times the currency in circulation or about 54% of Hong Kong dollar M3.

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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 April 2012, the scheduled dates for issuing the press releases are as follows:

April 10
SDDS International Reserves
(Hong Kong's Latest Foreign Currency Reserve Assets Figures)

April 13
SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund)

April 30
Exchange Fund Abridged Balance Sheet and Currency Board Account

April 30
SDDS Template on International Reserves and Foreign Currency Liquidity

Ends/Tuesday, April 10, 2012
Issued at HKT 16:31

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