Exchange Fund Abridged Balance Sheet and Currency Board Account
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The Hong Kong Monetary Authority (HKMA) announced today (October 29) that the total assets of the Exchange Fund amounted to HK$4,532.7 billion as at September 30, 2021, HK$123.9 billion lower than that at the end of August 2021. Hong Kong dollar assets decreased by HK$78.1 billion and foreign currency assets decreased by HK$45.8 billion.
The decline in Hong Kong dollar assets was mainly due to a decrease in Exchange Fund Bills and Notes issued but not yet settled and the mark-to-market revaluation on Hong Kong equities. The decline in foreign currency assets was mainly due to a decrease in the month-end balances of unsettled purchase of securities and the mark-to-market revaluation on foreign currency investments.
The Currency Board Account shows that the Monetary Base at the end of September 2021 was HK$2,117.8 billion, increased by HK$3.3 billion, or 0.2 per cent, from the end of August 2021. The rise was mainly due to an increase in the outstanding amount of Certificates of Indebtedness.
The amount of Backing Assets increased by HK$3.1 billion, or 0.1 per cent, to HK$2,335.1 billion. The increase was mainly attributable to the issuance of Certificates of Indebtedness. The backing ratio decreased from 110.29 per cent at the end of August 2021 to 110.26 per cent at the end of September 2021.
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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 2021, the scheduled dates for issuing the press releases are as follows:
October 7 (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 29 | SDDS Template on International Reserves and Foreign Currency Liquidity |
October 29 | Exchange Fund Abridged Balance Sheet and Currency Board Account |
Attachment
Ends/Friday, October 29, 2021
Issued at HKT 16:30
Issued at HKT 16:30
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