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Author Archives: hksar gov

International Reserves and Foreign Currency Liquidity

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

     The Hong Kong Monetary Authority (HKMA) released today (November 29) the analytical data on the Hong Kong Special Administrative Region’s foreign currency reserves and foreign currency liquidity as at the end of October 2024 (Annex). These data are published monthly in the Template on International Reserves and Foreign Currency Liquidity in accordance with the International Monetary Fund’s Special Data Dissemination Standard (SDDS).
 
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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 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 November 2024, the scheduled dates for issuing the press releases are as follows:
 

November 7
(Issued)
SDDS International Reserves
(Hong Kong’s Latest Foreign Currency Reserve Assets Figures)
November 14 (Issued) SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund)
November 29 SDDS Template on International Reserves and
Foreign Currency Liquidity
November 29 Exchange Fund Abridged Balance Sheet and
Currency Board Account
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Tender of 1-year RMB HKSAR Institutional Government Bonds to be held on December 5

The following is issued on behalf of the Hong Kong Monetary Authority:
 
     The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (November 29) that a tender of 1-year RMB Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on December 5, 2024 (Thursday), for settlement on December 9, 2024 (Monday).

     A total of RMB1.5 billion 1-year RMB Bonds will be tendered. The Bonds will mature on December 9, 2025, and will carry interest at the rate of 2.38 per cent per annum payable semi-annually in arrear.

     Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of RMB50,000 or integral multiples thereof.

     Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg (GBHK <GO>) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.

HKSAR Institutional Government Bonds Tender Information

     Tender information of 1-year RMB HKSAR Institutional Government Bonds:
 

Issue Number : 01GB2512001
Stock Code : 84595 HKGB2.38 2512-R
Tender Date and Time : December 5, 2024 (Thursday)
9.30 am to 10.30 am
Issue and Settlement Date : December 9, 2024 (Monday)
Amount on Offer : RMB1.5 billion
Maturity : 1 year
Maturity Date : December 9, 2025 (Tuesday)
Interest Rate : 2.38 per cent p.a. payable semi-annually in arrear
Interest Payment Dates : June 9 and December 9 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website.
Method of Tender : Competitive tender
Tender Amount : Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list.
Other Details : Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers.
Expected commencement date of dealing on
the Stock Exchange
of Hong Kong Limited
: December 10, 2024 (Tuesday)
Use of Proceeds : The Bonds will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website.
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