Tag Archives: China

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Hong Kong’s latest foreign currency reserve assets figures released

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

     The Hong Kong Monetary Authority (HKMA) announced today (April 9) that the official foreign currency reserve assets of Hong Kong amounted to US$423.6 billion as at the end of March 2024 (end-February 2024: US$425.2 billion) (Annex).
      
     Including unsettled foreign exchange contracts, the foreign currency reserve assets of Hong Kong at the end of March 2024 amounted to US$423.1 billion (end-February 2024: US$425.2 billion).
      
     The total foreign currency reserve assets of US$423.6 billion represent over five times the currency in circulation or about 40 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 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 April 2024, the scheduled dates for issuing the press releases are as follows:
 

April 9 SDDS International Reserves
(Hong Kong’s Latest Foreign Currency Reserve Assets Figures) 
April 12 SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund) 
April 30 SDDS Template on International Reserves and
Foreign Currency Liquidity 
April 30 Exchange Fund Abridged Balance Sheet and
Currency Board Account 
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Under Secretary for Health chairs ninth meeting of Committee on Promotion of Breastfeeding (with photos)

     The Under Secretary for Health, Dr Libby Lee, chaired the ninth meeting of the Committee on Promotion of Breastfeeding today (April 9) to review with members of the Committee the progress and effectiveness of various measures for promoting and supporting breastfeeding as well as discuss ways to step up the efforts in supporting breastfeeding in the future.
 
     At the meeting, representatives of the Department of Health (DH) reported to members of the Committee the findings of the latest Breastfeeding Survey (BF Survey). Although the last two surveys covering babies born in 2020 and 2022 respectively show a decline in the local breastfeeding rate (presumably due to the constraints posed on the support services and promotion in hospitals, Maternal and Child Health Centres (MCHCs) and the community due to various anti-epidemic measures implemented during the COVID-19 epidemic), the breastfeeding rate on hospital discharge still reached 85 per cent in 2022, marking a significant increase when compared to the 55 per cent recorded in 2000. During the same time frame, the rate of exclusive breastfeeding till 4 months of age rose from 8 per cent to 22 per cent. These reflected that the community is, in general, supportive of breastfeeding by virtue of the proactive and close collaboration between the Government and different sectors.
 
     Dr Lee said, “Breastmilk offers very important nutrients to infants and young children, thereby reducing their risk of contracting serious complications while creating a protective health barrier for them. To go the extra mile at the policy level, the Chief Executive proposed in the 2023 Policy Address the initiative to establish a breastmilk bank and formulate the related mechanism for breastmilk donation in 2025 to provide breastmilk for infants and young children who cannot be breastfed by their biological mothers, with a view to benefitting the premature and severely ill babies in need.”
 
     Professional support from healthcare facilities is crucial to the effective advocacy and promotion of breastfeeding. At present, all eight public hospitals with obstetrics and gynaecology departments are accredited Baby-Friendly Hospitals (BFHs). Of the 28 MCHCs under the DH, three of them have been accredited as Baby-Friendly health facilities, whereas accreditation procedures have also commenced for the remaining 25 MCHCs. The MCHCs will formulate infant feeding policies and action plans, provide training for staff members, and keep on monitoring the implementation of breastfeeding support measures, etc. Apart from public healthcare institutions, the Government will also pursue to encourage private hospitals to start the BFH accreditation procedures so as to enhance the professional support of the healthcare institutions as a whole for breastfeeding families.
 
     Representatives of the DH also reported to the Committee the latest progress of a series of initiatives for promoting breastfeeding, including publicity efforts for encouraging the implementation of the Breastfeeding Friendly Workplace policy and fostering the establishment of Breastfeeding Friendly Premises in public places to support breastfeeding mothers in breastfeeding their babies or lactation anytime and anywhere, strengthening the Peer Support Scheme for breastfeeding mothers, as well as setting up a working group under the Committee to reinforce and consolidate the breastfeeding-friendly practices in birthing hospitals.
 
     In addition, since the Government’s introduction of a mandatory requirement in the sale conditions of government land sale sites for new commercial developments in 2017 for developers to provide babycare rooms and lactation rooms (LRs), the Government has already included relevant requirements in the sale conditions for over 20 government land sales sites for new commercial developments as at March 31 this year. Meanwhile, the Government has also mandated the provision of babycare facilities and LRs in some newly completed government premises. As of March 31 this year, there were more than 380 babycare rooms in government properties.
 
     Dr Lee added, “The Government will continue to work closely with different sectors of the society and step up publicity for breastfeeding in the community through different channels in a bid to cultivate a stronger supportive culture to breastfeeding and create a breastfeeding-friendly environment. In particular, the Government will strengthen the professional support offered to breastfeeding mothers by the healthcare sector, including expediting the accreditation of Baby-Friendly health facilities.”
 
     Established in April 2014, the Committee comprises members from relevant healthcare professions and academia as well as representatives of organisations promoting breastfeeding. The Committee is responsible for providing recommendations on the strategies and action plans for further strengthening the promotion, protection and support for breastfeeding as well as overseeing the relevant progress, with a view to enhancing the sustainability of breastfeeding and advocating breastfeeding as the mainstream babycare mode to be widely accepted by the general public.

Photo  Photo  
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Exchange Fund Bills tender results

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

     Exchange Fund Bills tender results:
 

Tender date : April 9, 2024
Paper on offer : EF Bills
Issue number : Q2415
Issue date : April 10, 2024
Maturity date : July 10, 2024
Amount applied : HK$164,650 MN
Amount allotted : HK$63,968 MN
Average yield accepted : 4.31 PCT
Highest yield accepted : 4.36 PCT
Pro rata ratio* : About 42 PCT
Average tender yield : 4.42 PCT
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Tender date : April 9, 2024
Paper on offer : EF Bills
Issue number : H2444
Issue date : April 10, 2024
Maturity date : October 9, 2024
Amount applied : HK$53,878 MN
Amount allotted : HK$19,000 MN
Average yield accepted : 4.30 PCT
Highest yield accepted : 4.34 PCT
Pro rata ratio* : About 90 PCT
Average tender yield : 4.48 PCT
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Tender date : April 9, 2024
Paper on offer : EF Bills
Issue number : Y2488
Issue date : April 10, 2024
Maturity date : April 9, 2025
Amount applied : HK$16,700 MN
Amount allotted : HK$4,000 MN
Average yield accepted : 4.15 PCT
Highest yield accepted : 4.20 PCT
Pro rata ratio* : About 50 PCT
Average tender yield : 4.35 PCT
 
*”Pro rata ratio” refers to the average percentage of allotment with respect to each tender participant’s tendered amount at the “highest yield accepted” level.
 
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     Hong Kong Monetary Authority tenders to be held in the week beginning April 15, 2024:
 
Tender date : April 16, 2024
Paper on offer : EF Bills
Issue number : Q2416
Issue date : April 17, 2024
Maturity date : July 17, 2024
Tenor : 91 Days
Amount on offer : HK$63,188 MN
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Tender date : April 16, 2024
Paper on offer : EF Bills
Issue number : H2445
Issue date : April 17, 2024
Maturity date : October 16, 2024
Tenor : 182 Days
Amount on offer : HK$19,000 MN
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