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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) announced today (December 31) that the total assets of the Exchange Fund amounted to HK$3,226.8 billion as at November 30, 2014, HK$56.3 billion higher than that at the end of October 2014. Foreign currency assets increased by HK$20.1 billion and Hong Kong dollar assets increased by HK$36.2 billion.
The rise in foreign currency assets was mainly due to an increase in unsettled purchases of securities, valuation gains on foreign currency investments and the issuance of Certificates of Indebtedness. The rise in Hong Kong dollar assets was mainly due to placements received from the fiscal reserves, which were partly offset by a decrease in placements by HKSAR government funds and statutory bodies.
The Currency Board Account shows that the Monetary Base at the end of November 2014 was HK$1,343.1 billion, increased by HK$3.0 billion, or 0.2%, from the end of October 2014. The rise was mainly due to an increase in the outstanding amount of Certificates of Indebtedness.
The amount of Backing Assets increased by HK$3.8 billion, or 0.3%, to HK$1,441.5 billion. The rise was mainly attributable to an increase in assets connected with the issuance of Certificates of Indebtedness. The backing ratio increased from 107.28% at the end of October 2014 to 107.33% at the end of November 2014.
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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 December 2014, the scheduled dates for issuing the press releases are as follows:
December 5 (Issued)
SDDS International Reserves
(Hong Kong's Latest Foreign Currency Reserve Assets Figures)
December 12 (Issued)
SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund)
December 31
Exchange Fund Abridged Balance Sheet and Currency Board Account
December 31
SDDS Template on International Reserves and Foreign Currency Liquidity
Ends/Wednesday, December 31, 2014
Issued at HKT 16:33
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