Tag Archives: China

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Opening arrangements for community testing centres during Lunar New Year

     The Food and Health Bureau announced today (February 5) that the 19 community testing centres in Hong Kong will remain open during the Lunar New Year to enable members of the public to undergo testing. The opening hours will be adjusted as follows:
 

Dates Opening hours
February 11
(Lunar New Year’s Eve)
8am to 1.30pm and
2.30pm to 7pm
February 12 to 14
(First three days of Lunar New Year)
9am to 1.30pm and
2.30pm to 6pm
 
    Starting from February 15 (the fourth day of Lunar New Year), the opening hours of community testing centres will resume as normal (open daily from 8am to 1.30pm and from 2.30pm to 8pm). Deep cleaning and disinfection will be conducted when the centres close in the afternoon and at night.
 
     Please refer to following webpage for information of the community testing centres: www.communitytest.gov.hk/en/. read more

Hong Kong’s latest foreign currency reserve assets figures released

The following is issued on behalf of the Hong Kong Monetary Authority:
 
     The Hong Kong Monetary Authority (HKMA) announced today (February 5) that the official foreign currency reserve assets of Hong Kong amounted to US$493.5 billion as at the end of January 2021 (end-December 2020: US$491.8 billion) (Annex).
 
     There were no unsettled foreign exchange contracts at end-January 2021 and end-December 2020.
 
     The total foreign currency reserve assets of US$493.5 billion represent over six times the currency in circulation or about 48 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 February 2021, the scheduled dates for issuing the press releases are as follows:
 

February 5 SDDS International Reserves
(Hong Kong’s Latest Foreign Currency Reserve Assets Figures)
 
February 11 SDDS Analytical Accounts of the Central Bank (Analytical Accounts of the Exchange Fund)
 
February 26 SDDS Template on International Reserves and Foreign Currency Liquidity
 
February 26 Exchange Fund Abridged Balance Sheet and Currency Board Account
 
read more

Memorandum of Understanding on supervisory cooperation under the Cross-boundary Wealth Management Connect

The following is issued on behalf of the Hong Kong Monetary Authority:
 
     The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, State Administration of Foreign Exchange, Securities and Futures Commission of Hong Kong and Monetary Authority of Macao have agreed on the principles of supervisory cooperation under the cross-boundary Wealth Management Connect, and signed the “Memorandum of Understanding on the Launch of the Cross-Boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area“.
      
     By signing the Memorandum of Understanding, authorities in the three places aim to establish sound supervisory cooperation arrangements and liaison mechanism. This will lay a good foundation for the smooth operation of the scheme and the protection of investors’ interest. The HKMA will continue to work with the relevant authorities to step up preparations for the cross-boundary Wealth Management Connect and keep the industry engaged, with a view to launching the scheme early. read more