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Author Archives: hksar gov

Analytical Accounts of the Exchange Fund

The following is issued on behalf of the Hong Kong Monetary Authority:
 
     The Hong Kong Monetary Authority (HKMA) released today (August 14) the key analytical accounts of the Exchange Fund at the end of July 2019.
 
     Foreign assets, representing the external assets of the Exchange Fund, increased during the month by HK$32.3 billion to HK$3,686.2 billion.
 
     The Monetary Base, comprising Certificates of Indebtedness, Government‑issued currency notes and coins in circulation, the balance of the banking system and Exchange Fund Bills and Notes issued, amounted to HK$1,633.1 billion.
 
     Claims on the private sector in Hong Kong amounted to HK$182.1 billion.
 
     The analytical accounts of the Exchange Fund are released in accordance with the International Monetary Fund’s Special Data Dissemination Standard (SDDS) and are referred to as the Analytical Accounts of the Central Bank under SDDS (Annex).
 
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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 August 2019, the scheduled dates for issuing the press releases are as follows:
 



August 7 
(Issued)
SDDS International Reserves
(Hong Kong’s Latest Foreign Currency Reserve Assets Figures)
 
August 14 
 
SDDS Analytical Accounts of the Central Bank (Analytical Accounts of the Exchange Fund)
 
August 30 
 
 
SDDS Template on International Reserves and
Foreign Currency Liquidity
 
August 30 
 
Exchange Fund Abridged Balance Sheet and
Currency Board Account
 
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Cooking demonstrations by star chefs at Food Expo’s Less Salt Less Sugar Theme Day (with photo)

     Healthy diets with reduced salt and sugar represent a trendy culinary culture. Members of the public visiting the Food Expo on August 16 (Friday) can also learn low-salt-low-sugar cooking skills by watching the demonstrations of renowned Japanese and local chefs.
 
     Under the theme of “Low-salt-low-sugar Beyond Your Imagination”, the Less Salt Less Sugar Theme Day Star Chef Cooking Demonstration is jointly organised by the Food and Health Bureau (FHB), the Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department, the Committee on Reduction of Salt and Sugar in Food and the Hong Kong Trade Development Council. A selected day of the Food Expo is dedicated to less-salt-less-sugar cooking demonstrations with a view to encouraging the public to cultivate healthy eating habits.
 
     As the co-organiser of the event, the Ministry of Agriculture, Forestry and Fisheries of Japan has arranged for renowned Japanese Chef Takashi Tamura to fly to Hong Kong to perform a healthy Japanese cooking demonstration in person. Moreover, local star chefs Ming Leung, Jacky Chung and Lai Wai-hung will showcase their cooking skills at the Food Expo’s Gourmet Zone Star Kitchen to promote healthy and tasteful culinary diets.
 
     Details of the cooking demonstrations are as follows:
 
Session 1:
Time: 11.15am to 12.15pm
Chef: Takashi Tamura
    
Session 2:
Time: 2.30pm to 3.15pm
Chef: Ming Leung
    
Session 3:
Time: 4pm to 4.45pm
Chef: Jacky Chung
    
Session 4:
Time: 5.30pm to 6.15pm
Chef: Lai Wai-hung
   
     Natural tastes of food can be brought out in the course of cooking through smartly used and well-matched ingredients, combined with warm thoughts, ideas and a passion for food by the chef. Excessive salt and sugar to stimulate the taste buds will subdue the original flavor of the food.
 
     Salt and sugar intake shares a close relationship with health. An excessive intake of salt in food may increase the risk of hypertension, stroke and heart disease, while an excessive intake of sugar may lead to obesity and dental caries. As such, the Government is committed to promoting measures to reduce the intake of salt and sugar in food. 
 
     The Government launched the Less-salt-and-sugar Restaurants Scheme early this year to encourage restaurants to offer tailor-made less-salt-and-sugar dishes to customers. Up till now, more than 300 restaurants have participated in the Scheme. In addition, more than 600 restaurants have offered less-salt-and-sugar options to customers. The list of participating restaurants can be found at the FHB’s webpage.
 
     Members of the public are welcome to visit CFS’ designated Facebook page or Instagram page of Hong Kong’s Action on Salt and Sugar Reduction for more information on less-salt-and-sugar diets.
 
     For information on the Food Expo and admission details, please visit the HKTDC’s webpage

Photo  
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Result of the tenders of People’s Bank of China RMB Bills held on August 14, 2019

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

     Result of the tenders of the People’s Bank of China RMB Bills held on August 14, 2019:
 

Tender Result
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Tender Date : August 14, 2019
     
Bills available for Tender : Three-Month RMB Bills
 
Issuer
 
:
 
The People’s Bank of China
Issue Number : BCHKFP19023
     
Issue Date : August 16, 2019
     
Maturity Date : November 15, 2019 (or the closest coupon payment date)
     
Application Amount : RMB 47,980 million
     
Issue Amount : RMB 20,000 million
     
Average accepted Coupon Rate :  2.77%
     
Highest accepted Coupon Rate    
(Bills’ Coupon) :  2.90%
     
Lowest accepted Coupon Rate :  1.95%
     
Allocation Ratio : Approximately 39.97%
     
     
 
Tender Result
*********************************************************************
     
Tender Date : August 14, 2019
     
Bills available for Tender : One-Year RMB Bills
 
Issuer
 
:
 
The People’s Bank of China
Issue Number : BCHKFP19024
     
Issue Date : August 16, 2019
     
Maturity Date : August 16, 2020 (or the closest coupon payment date)
     
Application Amount : RMB 30,610 million
     
Issue Amount : RMB 10,000 million
     
Average accepted Coupon Rate :  2.82%
     
Highest accepted Coupon Rate    
(Bills’ Coupon) :  2.95%
     
Lowest accepted Coupon Rate :  2.00%
     
Allocation Ratio : Approximately 69.46%
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