Author Archives: hksar gov

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

     The Hong Kong Monetary Authority (HKMA) announced today (December 7) that the official foreign currency reserve assets of Hong Kong amounted to US$423.2 billion as at the end of November 2018 (end-October 2018: US$423.2 billion) (Annex).

     Including unsettled foreign exchange contracts, the foreign currency reserve assets of Hong Kong at the end of November 2018 amounted to US$416.0 billion (end-October 2018: US$415.6 billion).

     The total foreign currency reserve assets of US$423.2 billion represent about seven times the currency in circulation or 45% of Hong Kong dollar M3.
 
****************************************************************

     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 December 2018, the scheduled dates for issuing the press releases are as follows:
 

Attention TV/radio announcers: Please broadcast the following as soon as possible and repeat it at regular intervals:      Here is an item of interest to swimmers.      The Leisure and Cultural Serv… read more

     â€‹The Environmental Protection Department (EPD) announced today (December 7) that Rocsky International Limited (the tenant) has been awarded a 20-year lease for EcoPark Lots P1, P5, P6 and P7 to develop a local waste pape… read more

     The effective exchange rate index for the Hong Kong dollar on Friday, December 7, 2018 is 105.4 (down 0.1 against yesterday’s index). read more

     â€‹The Secretary for Home Affairs, Mr Lau Kong-wah, will depart for Huizhou in the afternoon on Sunday (December 9) to attend the “Embracing the Duality of Cantonese Music” concert.

     The concert is one of Hong Kong’s performing arts programmes introduced by the Leisure and Cultural Services Department to stage performances in the Guangdong-Hong Kong-Macao Greater Bay Area. It will be jointly performed by young Chinese music performers from Hong Kong, Guangzhou and Macao. Apart from Huizhou, there will be one performance each in Zhuhai, Zhongshan, Dongguan, Shenzhen and Guangzhou.

     As promulgated in the 2018-19 Budget, the Government will provide $140 million in additional funding in the coming five years to support local artists and arts groups to perform or conduct cultural exchanges in the Greater Bay Area. The aims are to showcase Hong Kong’s art and culture, to offer new opportunities to Hong Kong artists and arts groups, and to nurture future administrative staff and impresarios. Two concerts, presented by local jazz groups and harmonica players, have been conducted in Zhongshan.

     During his stay in Huizhou, Mr Lau will also meet with impresarios in the Mainland and visit a youth entrepreneurship base and a training centre. Mr Lau will return to Hong Kong in the afternoon on Monday (December 10). During his absence, the Under Secretary for Home Affairs, Mr Jack Chan, will be the Acting Secretary for Home Affairs. read more