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 (August 7) that the official foreign currency reserve assets of Hong Kong amounted to US$419.3 billion as at the end of July 2024 (end-June 2024: US$416.3 billion) (Annex).
Including unsettled foreign exchange contracts, the foreign currency reserve assets of Hong Kong at the end of July 2024 amounted to US$418.7billion (end-June 2024: US$416.0 billion).
The total foreign currency reserve assets of US$419.3 billion represent over five times the currency in circulation or about 39 per cent of HongKong 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 August 2024, the scheduled dates for issuing the press releases are as follows:
August 7
SDDS International Reserves
(Hong Kong’s Latest Foreign Currency Reserve Assets Figures)
August 14
SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund)
August 30
SDDS Template on International Reserves and
Foreign Currency Liquidity
August 30
Exchange Fund Abridged Balance Sheet and
Currency Board Account
Source: AI-generated images
Fatal traffic accident in Tin Shui Wai
Police are investigating a fatal traffic accident happened in Tin Shui Wai tonight (August 10) in which a woman died.
At 7.57pm, a bus driven by a 45-year-old man was travelling along Tin Kwai Road towards Wetland Park Road. When the bus was approaching a pedestrian crossing outside the junction of Tin Kwai Road and Tin Wah Road, it reportedly ran over the 43-year-old woman.
Sustaining serious head injuries, the woman was certified dead at scene.
The bus driver was arrested for dangerous driving causing death and is being detained for enquiries.
Investigation by the Special Investigation Team of Traffic, New Territories North is underway.
Anyone who witnessed the accident or has any information to offer is urged to contact the investigating officers on 3661 3800.
Source: AI-generated images
