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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) announced today (October 7) that the official foreign currency reserve assets of Hong Kong amounted to US$277.7 billion as at the end of September 2011 (end-August 2011: US$279.6 billion)(Annex).
Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of September 2011 stood at US$277.7 billion (end-August 2011: US$279.6 billion).
The total foreign currency reserve assets of US$277.7 billion represent over eight times the currency in circulation or 55% of Hong Kong dollar M3.
Release calendar
The release calendar of foreign currency reserve assets for 2012 is announced below:
Reference Month Release Date
January 2012 February 7, 2012
February 2012 March 7, 2012
March 2012 April 10, 2012
April 2012 May 7, 2012
May 2012 June 7, 2012
June 2012 July 6, 2012
July 2012 August 7, 2012
August 2012 September 7, 2012
September 2012 October 8, 2012
October 2012 November 7, 2012
November 2012 December 7, 2012
December 2012 January 7, 2013
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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 2011, the scheduled dates for issuing the press releases are as follows:
October 7
SDDS International Reserves
(Hong Kong's Latest Foreign Currency Reserve Assets Figures)
October 14
SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund)
October 31
Exchange Fund Abridged Balance Sheet and Currency Board Account
October 31
SDDS Template on International Reserves and Foreign Currency Liquidity
Ends/Friday, October 7, 2011
Issued at HKT 16:54
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