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Hong Kong's Foreign Currency Reserves Decline to $422.8 Billion as of September 2024

HK

Hong Kong's Foreign Currency Reserves Decline to $422.8 Billion as of September 2024
HK

HK

Hong Kong's Foreign Currency Reserves Decline to $422.8 Billion as of September 2024

2024-10-07 16:51 Last Updated At:17:08

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 (October 7) that the official foreign currency reserve assets of Hong Kong amounted to US$422.8 billion as at the end of September 2024 (end-August 2024: US$423.5 billion) (Annex).

There were no unsettled foreign exchange contracts at end-September 2024 (end-August 2024: US$0.6 billion).

The total foreign currency reserve assets of US$422.8 billion represent over five times the currency in circulation or about 39 per cent of HongKong dollar M3.

Release calendar

The release calendar of foreign currency reserve assets for 2025 is announced below:

Reference Month

Release Date

January 2025

February 7, 2025

February 2025

March 7, 2025

March 2025

April 7, 2025

April 2025

May 8, 2025

May 2025

June 6, 2025

June 2025

July 7, 2025

July 2025

August 7, 2025

August 2025

September 5, 2025

September 2025

October 8, 2025

October 2025

November 7, 2025

November 2025

December 5, 2025

December 2025

January 7, 2026

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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 October 2024, the scheduled dates for issuing the press releases are as follows:

October 7

SDDS International Reserves

(Hong Kong's Latest Foreign Currency Reserve Assets Figures)

October 14

SDDS Analytical Accounts of the Central Bank

(Analytical Accounts of the Exchange Fund)

October31

SDDS Template on International Reserves and

Foreign Currency Liquidity

October31

Exchange Fund Abridged Balance Sheet and

Currency Board Account

Next Article

19 Community Halls Open as Temporary Heat Shelters Amid Very Hot Weather Warning

2024-10-07 17:00 Last Updated At:17:08

HAD opens temporary heat shelters

The Home Affairs Department will continue to open 19 community halls/community centres as temporary heat shelters today (October 7).

The temporary heat shelters will remain open for people to take refuge from the heat when the Very Hot Weather Warning is in force. From 10.30pm to 8am the next day, the temporary heat shelters will also provide bedding and a sleeping place for people in need. The shelters are manned by duty attendants.

For further information, please call the department's hotline before midnight on 2572 8427.

The heat shelters are located at:

Hong Kong Island:

---------------------

Central and Western -

Sai Ying Pun Community Complex Community Hall

3/F, Sai Ying Pun Community Complex

2 High Street, Sai Ying Pun

Eastern -

Causeway Bay Community Centre

3/F, 7 Fook Yum Road, Causeway Bay

Southern -

Lei Tung Community Hall

Lei Tung Estate, Ap Lei Chau

Wan Chai -

Wan Chai Activities Centre

LG/F, Wan Chai Market, 258 Queen's Road East, Wan Chai

Kowloon Districts:

------------------

Kowloon City -

Hung Hom Community Hall

1/F, Kowloon City Government Offices

42 Bailey Street, Hung Hom

Kwun Tong -

Lam Tin (West) Estate Community Centre

71 Kai Tin Road, Lam Tin

Sham Shui Po -

Shek Kip Mei Community Hall

G/F, Block 42, Shek Kip Mei Estate, Sham Shui Po

Wong Tai Sin -

Tsz Wan Shan (South) Estate Community Centre

45 Wan Wah Street, Tsz Wan Shan

Yau Tsim Mong -

Henry G Leong Yaumatei Community Centre

60 Public Square Street, Yau Ma Tei

New Territories Districts:

--------------------------

Islands -

Tung Chung Community Hall

G/F, Tung Chung Municipal Services Building, 39 Man Tung Road, Tung Chung

Kwai Tsing -

Kwai Shing Community Hall

Podium, Block 6, Kwai Shing West Estate, Kwai Chung

North -

Cheung Wah Community Hall

Cheung Wah Estate, Fanling

Sai Kung -

Hang Hau Community Hall

G/F, Sai Kung Tseung Kwan O Government Complex, 38 Pui Shing Road, Hang Hau, Tseung Kwan O

Sha Tin -

Lung Hang Estate Community Centre

Lung Hang Estate, Sha Tin

Tai Po -

Tai Po Community Centre

2 Heung Sze Wui Street, Tai Po

Tsuen Wan -

Lei Muk Shue Community Hall

G/F, Hong Shue House, Lei Muk Shue Estate, Tsuen Wan

Tuen Mun -

Butterfly Bay Community Centre

Butterfly Estate (near Tip Sum House), Tuen Mun

Yuen Long -

Long Ping Community Hall

Long Ping Estate, Yuen Long

Yuen Long -

Tin Yiu Community Centre

Tin Yiu Estate, Tin Shui Wai

In addition to the above heat shelters, a number of community halls/community centres can also be used for taking refuge from the heat during their operating hours. For their address details, please browse the following document:www.had.gov.hk/file_manager/en/documents/public_services/emergency_services/List_CH_CC_Day_E.pdf.

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