Hong Kong Monetary Authority Releases Foreign Currency Reserves for June 2013

The Hong Kong Monetary Authority (HKMA) has released full details of its most recent figures concerning the country’s foreign currency reserve.

On Friday, the nation’s regulatory authority published that the official foreign currency reserve assets of Hong Kong amounted to US$303.5 billion as of the end of June 2013, compared with US$305.7 billion at the end of the previous month.

The total reserve assets represent over seven times the currency in circulation, or alternatively approximately 51% of Hong Kong dollar M3, M3 being a measurement used in the jurisdiction to monitor monetary supply.

The HKMA currently releases four publicly available documents each month relating to the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Fund’s data.

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.

A full breakdown of the FX reserve figures since Hong Kong was returned to Chinese rule by Great Britain is listed here: