Tag Archives: China

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

     The Hong Kong Monetary Authority (HKMA) announced today (July 31) that the total assets of the Exchange Fund amounted to HK$4,100.7 billion as at June 30, 2018, HK$45.4 billion higher than that at the end of May 2018. Foreign currency assets increased by HK$62.5 billion while Hong Kong dollar assets decreased by HK$17.1 billion.
 
     The rise in foreign currency assets was mainly due to an increase in unsettled purchases of securities. The decline in Hong Kong dollar assets was mainly due to the fall in market value of Hong Kong equities and withdrawals of placements by Fiscal Reserves.
 
     The Currency Board Account shows that the Monetary Base at the end of June 2018 was HK$1,652.1 billion, increased by HK$7.9 billion, or 0.5 per cent, from the end of May 2018. The rise was mainly due to the increase in the outstanding amount of Certificates of Indebtedness.
 
     The amount of Backing Assets increased by HK$10.0 billion, or 0.6 per cent, to HK$1,802.3 billion. The increase was mainly attributable to the issuance of Certificates of Indebtedness and income from investments. The backing ratio increased from 109.02 per cent at the end of May 2018 to 109.10 per cent at the end of June 2018.

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

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

     The Hong Kong Monetary Authority (HKMA) released today (July 31) the analytical data on the Hong Kong Special Administrative Region’s foreign currency reserves and foreign currency liquidity as at the end of June 2018 (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.

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

The following is issued on behalf of the Hong Kong Monetary Authority:      The Hong Kong Monetary Authority announced today (July 31) the results of its latest survey on residential mortgage loans (RMLs) in negative equity.  &n… read more

     The Government announced today (July 31) its financial results for the three months ended June 30, 2018.      Expenditure for the period April to June 2018 amounted to HK$128.2 billion and revenue HK$103…. read more

     A Government spokesman said today (July 31) that the Chief Executive (CE), politically appointed officials and Members of the Executive Council (ExCo) have updated their annual declarations of interests, and the updated declarations are available on government websites for public inspection.
 
     The updated declaration of interests of the Chief Executive has been uploaded to the website of the Chief Executive’s Office (www.ceo.gov.hk/eng/links.html). The declarations of interests of politically appointed officials, made in accordance with the Code for Officials under the Political Appointment System (PAO Code), have also been updated and uploaded to the websites of the respective offices or bureaux.

     Information on the registrable interests of ExCo Members (including the President as well as ex-officio and non-official ExCo Members) has also been uploaded to the ExCo website after updating (www.ceo.gov.hk/exco/eng/interests.html). 

     The PAO Code stipulates that politically appointed officials shall declare their investments and interests on appointment and annually thereafter, and these declarations are required to be uploaded to the websites of the respective offices or bureaux. The CE voluntarily observes the above declaration arrangement. ExCo Members are likewise required to declare their registrable interests on appointment and annually thereafter, and these declarations are to be uploaded to the ExCo website.  read more