Author Archives: hksar gov

The following is issued on behalf of the Hong Kong Monetary Authority:

     â€‹The Hong Kong Monetary Authority (HKMA) released today (October 31) the analytical data on the Hong Kong Special Administrative Region’s foreign currency reserves and foreign currency liquidity as at the end of September 2023 (Annex). These data are published monthly in the Template on International Reserves and Foreign Currency Liquidity in accordance with the International Monetary Fund’s Special Data Dissemination Standard (SDDS).
 
Release calendar

     The release calendar of the Template on International Reserves and Foreign Currency Liquidity for 2024 is announced below:
 

Reference Month	Release Date
January 2024	February 29, 2024
February 2024	March 28, 2024
March 2024	April 30, 2024
April 2024	May 31, 2024
May 2024	June 28, 2024
June 2024	July 31, 2024
July 2024	August 30, 2024
August 2024	September 30, 2024
September 2024	October 31, 2024
October 2024	November 29, 2024
November 2024	December 31, 2024
December 2024	January 28, 2025

 
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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 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 2023, the scheduled dates for issuing the press releases are as follows:
 

October 6     (Issued)	SDDS International Reserves (Hong Kong’s Latest Foreign Currency Reserve Assets Figures)
October 13  (Issued)	SDDS Analytical Accounts of the Central Bank (Analytical Accounts of the Exchange Fund)
October 31	SDDS Template on International Reserves and Foreign Currency Liquidity
October 31	Exchange Fund Abridged Balance Sheet and Currency Board Account

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The following is issued on behalf of the Hong Kong Monetary Authority:        The Hong Kong Monetary Authority announced the results of the residential mortgage survey for September 2023.      &… read more

The following is issued on behalf of the Hong Kong Monetary Authority:        The Hong Kong Monetary Authority announced today (October 31) the results of its survey on residential mortgage loans (RMLs) in negative equit… read more

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA) announced today (October 31) that the total assets of the Exchange Fund amounted to HK$3,923.6 billion as at September 30, 2023, HK$52.2 billion lower than that at the end of August 2023. Foreign currency assets decreased by HK$47.0 billion and Hong Kong dollar assets decreased by HK$5.2 billion.
      
     The decline in foreign currency assets was mainly due to mark-to-market revaluation on investments and reduction in the month-end balance of unsettled purchase of securities. The decline in Hong Kong dollar assets was mainly due to mark-to-market revaluation on Hong Kong equities.
      
     The Currency Board Account shows that the Monetary Base at the end of September 2023 was HK$1,881.1 billion, increased by HK$4.6 billion, or 0.2 per cent, from the end of August 2023. The rise was mainly due to increases in the outstanding amount of Certificates of Indebtedness and the market value of Exchange Fund Bills and Notes outstanding.
      
     The amount of Backing Assets increased by HK$2.7 billion, or 0.1 per cent, to HK$2,064.4 billion at the end of September 2023. The increase was mainly attributable to the issuance of Certificates of Indebtedness. The backing ratio decreased from 109.87 per cent at the end of August 2023 to 109.75 per cent at the end of September 2023.

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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 2023, the scheduled dates for issuing the press releases are as follows:
 

October 6 (Issued)	SDDS International Reserves (Hong Kong’s Latest Foreign Currency Reserve Assets Figures)
October 13 (Issued)	SDDS Analytical Accounts of the Central Bank (Analytical Accounts of the Exchange Fund)
October 31	SDDS Template on International Reserves and Foreign Currency Liquidity
October 31	Exchange Fund Abridged Balance Sheet and Currency Board Account

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The following is issued on behalf of the Hong Kong Monetary Authority:        According to statistics published today (October 31) by the Hong Kong Monetary Authority, total deposits with Authorized Institutions increase… read more