Author Archives: hksar gov

The following is issued on behalf of the Hong Kong Monetary Authority:
 
     The Hong Kong Monetary Authority (HKMA) announced today (May 7) that the official foreign currency reserve assets of Hong Kong amounted to US$436.4 billion as at the end of April (end-March: US$438.0 billion) (Annex).
 
     Including unsettled foreign exchange contracts, the foreign currency reserve assets of Hong Kong at the end of April amounted to US$429.2 billion (end-March: US$429.5 billion).
 
     The total foreign currency reserve assets of US$436.4 billion represent about seven times the currency in circulation or 46 per cent 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 May, the scheduled dates for issuing the press releases are as follows:
 

     A woman was fined $4,000 at the Eastern Magistrates’ Courts today (May 7) for contravening the Clubs (Safety of Premises) Ordinance.

     The courts heard that in October last year, officers from the Office of the Licensing Authority (OLA) of the Home Affairs Department conducted an inspection at a club on Shelley Street in Central which had been operating with a certificate of compliance (CoC).

     OLA officers posed as customers and patronised the club for food and drinks without being asked to show their membership status or being invited to join the club as members. Also, the club’s CoC or its certified true copy was not displayed at a prominent position. Conditions 2 and 19 of the CoC were breached.

     The woman, being the manager of the club, was charged with contravening section 21(1)(a) of the Ordinance.

     A spokesman for the department reminded all CoC holders to comply with the conditions as stipulated therein. Enforcement action will continue to be taken against illegal club operations. read more

     The Chief Secretary for Administration, Mr Matthew Cheung Kin-chung, chaired the sixth meeting of the Human Resources Planning Commission this afternoon (May 7).  

     At the meeting, members were briefed on the key findings of the Manpower Projection to 2027. Mr Cheung said, “In view of the imminent dwindling of the labour force, an assessment on the projected manpower resources balance in the future would help identify ways to replenish Hong Kong’s manpower to sustain the long-term development of the city.”

     The Manpower Projection is a macro-level study conducted from time to time by the Labour and Welfare Bureau in conjunction with the Census and Statistics Department and the Office of the Government Economist with a view to assessing the broad trends of Hong Kong’s future manpower supply and requirements for the medium term. The latest study has covered a 10-year projection horizon up to 2027, with 2017 as the base year. The findings will be presented to the Manpower Panel of the Legislative Council this month. read more

The following is issued on behalf of the Hong Kong Monetary Authority:      Exchange Fund Bills tender results:   Tender date : May 7, 2019 Paper on offer : EF Bills Issue num… read more

     The Census and Statistics Department (C&SD) released the latest provisional figures on restaurant receipts and purchases today (May 7).      The value of total receipts of the restaurants sector in the first qu… read more