Tag Archives: China

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

     The Hong Kong Monetary Authority (HKMA) announced today (June 7) that the official foreign currency reserve assets of Hong Kong amounted to US$432.1 billion as at the end of May 2018 (end-April 2018: US$434.5 billion) (Annex).
 
     Including unsettled foreign exchange contracts, the foreign currency reserve assets of Hong Kong at the end of May 2018 amounted to US$424.6 billion (end-April 2018: US$426.9 billion).
 
     The total foreign currency reserve assets of US$432.1 billion represent over seven times the currency in circulation or about 45 per cent of Hong Kong dollar M3.
 
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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 June 2018, the scheduled dates for issuing the press releases are as follows:
 

Attention duty announcers, radio and TV stations, Please broadcast the following as soon as possible and repeat it at suitable intervals:      The Tourism Commission announces that due to the issuing of Tropical Cyclone W… read more

     The effective exchange rate index for the Hong Kong dollar on Thursday, June 7, 2018 is 99.5 (same as yesterday’s index). read more

     Hongkong Post announced today (June 7) that, as advised by the postal administration of the United States, mail delivery services to the northeastern areas of the country have returned to normal.   read more

     The Transport Department (TD) today (June 7) reminded members of the public that to facilitate road repair works, the following temporary traffic arrangements will be implemented at the Kai Tak Tunnel and the East Kowloon Way on Sunday (June 10):

(i) The eastbound tube of the Kai Tak Tunnel will be temporarily closed to all vehicular traffic from 1am to 6am. Traffic along the East Kowloon Way eastbound will be diverted via Kowloon City Road;

(ii) The slow lane of the section of the East Kowloon Way eastbound between Lok Shan Road and Ma Hang Chung Road will be temporarily closed to all vehicular traffic from 6am to 11am; and

(iii) The slow lane of the eastbound tube of the Kai Tak Tunnel (except the slip road leading to Sung Wong Toi Road) will be temporarily closed to all vehicular traffic from 6am to 11am.

     Due to the lane closures, the TD anticipates that the traffic along the East Kowloon Way eastbound and the Kai Tak Tunnel eastbound will be relatively busy during the above periods. Motorists passing through the road sections concerned should exercise tolerance and patience and drive with utmost care. Appropriate traffic signs will be erected on-site to guide motorists.

     Motorists are advised to consider using alternative routes to Kowloon Central and Kowloon East. They are also advised to plan their journeys in advance and allow more travelling time to avoid unexpected delay.

     The TD and the Police will closely monitor the traffic situation and implement appropriate measures whenever necessary. Members of the public are advised to stay alert to the latest traffic news on radio and television.

     Details of the temporary traffic arrangements are now available on the TD’s website (www.td.gov.hk). read more