Exchange Fund Abridged Balance Sheet and Currency Board Account
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) announced today (August 30) that the total assets of the Exchange Fund amounted to HK$3,970.9billion as at July 31, 2024, HK$7.7 billion lower than that at the end of June 2024. Foreign currency assets decreased by HK$7.2 billion and Hong Kong dollar assets decreased by HK$0.5 billion.
The decline in foreign currency assets was mainly due to a reduction in the month-end balances of unsettled purchase of securities, which was partly offset by mark-to-market revaluation of investments. The decline in Hong Kong dollar assets was mainly due to mark-to-market revaluation of Hong Kong equities, which was partly offset by an increase in placements with banks.
The Currency Board Account shows that the Monetary Base at the end of July 2024 was HK$1,923.2 billion, decreased by HK$4.2 billion, or 0.2 per cent, from the end of June 2024. The decline was mainly due to the decrease in the outstanding amount of Certificates of Indebtedness, which was partly offset by amortisation of discount on Exchange Fund Bills and Notes issued.
The amount of Backing Assets increased by HK$8.2 billion, or 0.4 per cent, to HK$2,155.4 billion at the end of July 2024. The increase was mainly attributable to mark-to-market revaluation of investments and interest from investments, which were partly offset by the redemption of Certificates of Indebtedness. The Backing Ratio increased from 111.41 per cent at the end of June 2024 to 112.07 per cent at the end of July 2024.
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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 August 2024, the scheduled dates for issuing the press releases are as follows:
August 7
(Issued)
SDDS International Reserves
(Hong Kong's Latest Foreign Currency Reserve Assets Figures)
August 14
(Issued)
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
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today
The Commission on Children (CoC), the Hong Kong Police Force (HKPF) and the Social Welfare Department today (September 14) jointly held the"Let's T.A.L.K. and Walk with Kids" stakeholder engagement and Mid-Autumn Festival celebration event under the theme of positive parenting and family bonding. Through a variety of parent-child interactive games, stress relief activities and sharing sessions, the event aimed at promoting positive parenting, enhancing family bonding and celebrating the Mid-Autumn Festival.
Over 80 participants from around 30 families with children participating in the Child Development Fund
and their family members attended the event. The Secretary for Labour and Welfare and Vice-chairperson of the CoC, Mr Chris Sun, together with ex-officio member of the CoC, the Commissioner of Police, Mr Siu Chak-yee, and the Director of Social Welfare, Miss Charmaine Lee, joined the event to cheer on the parents and children.
Mr Sun said that a harmonious family relationship is conducive to the healthy development of children, both physically and mentally. He encouraged parents to spend more time playing with their children and share quality parent-child moments together. Mr Siu hoped that the event, with a series of diverse and challenging parent-child interactive games, would provide participants with special family time together, and could promote positive and healthy family relationships. Miss Lee said that families are the cornerstone of society and the backbone of child protection. She encouraged families to develop stronger familial bonds and enhanced care so that a loving and harmonious environment can be built for the children.
As part of the "Walk with Kids" thematic campaign of the CoC, the stakeholder engagement event was conducted in the format of a day camp at the Junior Police Call Permanent Activity Centre and Integrated Youth Training Camp at Pat Heung. Non-official members of the CoC moderated the group sharing sessions, listening to parents sharing parenting experiences, and providing suggestions for practising positive parenting and enhancing family relationships. Under the guidance of the clinical psychologist from the HKPF, parents also learned and shared relaxation techniques with an aim to assist them in facing parenting challenges with a positive mindset amid their busy daily lives. Apart from a series of parent-child adventure and experiential activities, there was a lantern-making workshop to enhance interaction and collaboration between parents and their children, riding on the vibe of the Mid-Autumn Festival.
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
"Let's T.A.L.K. and Walk with Kids" stakeholder engagement event to promote positive parenting and strengthen family bonding held today Source: HKSAR Government Press Releases
