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Time Series Data for CHINA,P.R.:HONG KONG (U.S. Dollars)

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More information on CHINA,P.R.:HONG KONG and the IMF


CHINA,P.R.:HONG KONGLast Updated: August 5, 2014
International Reserves and Foreign Currency Liquidity
(Information to be disclosed by the monetary authorities and other central government, excluding social security) 1,2,3

ContentsCountry Notes

  1. Official reserve assets and other foreign currency assets
  2. Predetermined short-term net drains on foreign currency assets
  3. Contingent short-term net drains on foreign currency assets
  4. Memo items
 
Current Data: In Millions of US Dollars (end of period)    
 
I. Official reserve assets and other foreign currency assets (approximate market value) 4
           
  June 2014
A. Official reserve assets 320,934.00
(1) Foreign currency reserves (in convertible foreign currencies) 310,483.00
(a) Securities 295,977.00
of which: issuer headquartered in reporting country but located abroad 0.00
(b) total currency and deposits with: 14,506.00
(i) other national central banks, BIS and IMF 14,083.00
(ii) banks headquartered in the reporting country  
of which: located abroad  
(iii) banks headquartered outside the reporting country 423.00
of which: located in the reporting country  
(2) IMF reserve position 72.00
(3) SDRs  
(4) gold (including gold deposits and, if appropriate, gold swapped)5 88.00
-volume in millions of fine troy ounces 0.07
(5) other reserve assets (specify) 10,291.00
-financial derivatives -214.00
-loans to nonbank nonresidents 0.00
-other 10,505.00
B. Other foreign currency assets (specify) 18,179.00
-securities not included in official reserve assets  
-deposits not included in official reserve assets 18,173.00
-loans not included in official reserve assets  
-financial derivatives not included in official reserve assets  
-gold not included in official reserve assets  
-other 6.00
 
II. Predetermined short-term net drains on foreign currency assets (nominal value)
 
Maturity breakdown (residual maturity)
Total Up to 1 month More than 1 and up to 3 months More than 3 months and up to 1 year
1. Foreign currency loans, securities, and deposits 6 -1,282.00 -1,282.00 0.00 0.00
-outflows (-) Principal -1,250.00 -1,250.00 0.00 0.00
  Interest -32.00 -32.00 0.00 0.00
-inflows (+) Principal        
  Interest        
2. Aggregate short and long positions in forwards and futures in foreign currencies vis--vis the domestic currency (including the forward leg of currency swaps) 7        
(a) Short positions ( - ) 0.00 0.00 0.00 0.00
(b) Long positions (+) 0.00 0.00 0.00 0.00
3. Other (specify) -33.00 -33.00 0.00 0.00
-outflows related to repos (-) 0.00 0.00 0.00 0.00
-inflows related to reverse repos (+)        
-trade credit (-)        
-trade credit (+)        
-other accounts payable (-) -33.00 -33.00 0.00 0.00
-other accounts receivable (+)        
 
III. Contingent short-term net drains on foreign currency assets (nominal value)
 
Maturity breakdown (residual maturity, where applicable)
Total Up to 1 month More than 1 and up to 3 months More than 3 months and up to 1 year
1. Contingent liabilities in foreign currency -874.00 -874.00    
(a) Collateral guarantees on debt falling due within 1 year        
(b) Other contingent liabilities -874.00 -874.00    
2. Foreign currency securities issued with embedded options (puttable bonds) 8        
3. Undrawn, unconditional credit lines9 provided by:        
(a) other national monetary authorities, BIS, IMF, and other international organizations        
-other national monetary authorities (+)        
-BIS (+)        
-IMF (+)        
-other international organizations (+)        
(b) with banks and other financial institutions headquartered in the reporting country (+)        
(c) with banks and other financial institutions headquartered outside the reporting country (+)        
4. Undrawn, unconditional credit lines provided to:        
(a) other national monetary authorities, BIS, IMF, and other international organizations        
-other national monetary authorities (-)        
-BIS (-)        
-IMF (-)        
-other international organizations (-)        
(b) banks and other financial institutions headquartered in reporting country (- )        
(c) banks and other financial institutions headquartered outside the reporting country ( - )        
5. Aggregate short and long positions of options in foreign currencies vis--vis the domestic currency 10        
(a) Short positions        
(i) Bought puts        
(ii) Written calls        
(b) Long positions        
(i) Bought calls        
(ii) Written puts        
PRO MEMORIA: In-the-money options 11        
(1) At current exchange rate        
(a) Short position        
(b) Long position        
(2) + 5 % (depreciation of 5%)        
(a) Short position        
(b) Long position        
(3) - 5 % (appreciation of 5%)        
(a) Short position        
(b) Long position        
(4) +10 % (depreciation of 10%)        
(a) Short position        
(b) Long position        
(5) - 10 % (appreciation of 10%)        
(a) Short position        
(b) Long position        
(6) Other (specify)        
(a) Short position        
(b) Long position        
 
IV. Memo items
 
(1) To be reported with standard periodicity and timeliness:12  
(a) short-term domestic currency debt indexed to the exchange rate  
(b) financial instruments denominated in foreign currency and settled by other means (e.g., in domestic currency) 13  
-derivatives (forwards, futures, or options contracts)  
   -short positions  
   -long positions  
-other instruments  
(c) pledged assets14 860.00
-included in reserve assets 860.00
-included in other foreign currency assets  
(d) securities lent and on repo15 1,028.00
-lent or repoed and included in Section I -2,712.00
-lent or repoed but not included in Section I  
-borrowed or acquired and included in Section I  
-borrowed or acquired but not included in Section I 3,740.00
(e) financial derivative assets (net, marked to market) 16 -214.00
-forwards -210.00
-futures -1.00
-swaps 0.00
-options -3.00
-other  
(f) derivatives (forward, futures, or options contracts) that have a residual maturity greater than one year. 0.00
-aggregate short and long positions in forwards and futures in foreign currencies vis--vis the domestic currency (including the forward leg of currency swaps)  
(a) short positions ( - ) 0.00
(b) long positions (+) 0.00
-aggregate short and long positions of options in foreign currencies vis--vis the domestic currency  
(a) short positions  
(i) bought puts  
(ii) written calls  
(b) long positions  
(i) bought calls  
(ii) written puts  
(2) To be disclosed at least once a year:  
(a) currency composition of reserves (by groups of currencies)  
-currencies in SDR basket  
-currencies not in SDR basket  
-by individual currencies (optional)  
 
Footnotes:
 
1. In principle, only instruments denominated and settled in foreign currency (or those whose valuation is directly dependent on the exchange rate and that are settled in foreign currency) are to be included in categories I, II, and III of the template. Financial instruments denominated in foreign currency and settled in other ways (e.g., in domestic currency or commodities) are included as memo items under Section IV.
           
2. Netting of positions is allowed only if they have the same maturity, are against the same counterparty, and a master netting agreement is in place. Positions on organized exchanges could also be netted.
           
3. Monetary authorities defined according to the IMF Balance of Payments Manual, Fifth Edition.
           
4. In cases of large positions vis--vis institutions headquartered in the reporting country, in instruments other than deposits or securities, they should be reported as separate items.
           
5. The valuation basis for gold assets should be disclosed; ideally this would be done by showing the volume and price.
           
6. Including interest payments due within the corresponding time horizons. Foreign currency deposits held by nonresidents with central banks should also be included here. Securities referred to are those issued by the monetary authorities and the central government (excluding social security).
           
7. In the event that there are forward or futures positions with a residual maturity greater than one year, which could be subject to margin calls, these should be reported separately under Section IV.
           
8. Only bonds with a residual maturity greater than one year should be reported under this item, as those with shorter maturities will already be included in Section II, above.
           
9. Reporters should distinguish potential inflows and potential outflows resulting from contingent lines of credit and report them separately, in the specified format.
           
10. In the event that there are options positions with a residual maturity greater than one year, which could be subject to margin calls, these should be reported separately under Section IV.
           
11. These "stress-tests" are an encouraged, rather than a prescribed, category of information in the IMF's Special Data Dissemination Standard (SDDS). Could be disclosed in the form of a graph. As a rule, notional value should be reported. However, in the case of cash-settled options, the estimated future inflow/outflow should be disclosed. Positions are "in the money" or would be, under the assumed values.
           
12. Distinguish between assets and liabilities where applicable.
           
13. Identify types of instrument; the valuation principles should be the same as in Sections I-III. The notional value of derivatives should be shown in the same format as for the nominal/notional values of forwards/futures in Section II and options in Section III.
           
14. Only assets included in Section I that are pledged should be reported here.
           
15. Assets that are lent or repoed should be reported here, whether or not they have been included in Section I of the template, along with any associated liabilities (in Section II). However, these should be reported in two separate categories, depending on whether or not they have been included in Section I. Similarly, securities that are borrowed or acquired under repo agreements should be reported as a separate item and treated symmetrically. Market values should be reported and the accounting treatment disclosed.
           
16. Identify types of instrument. The main characteristics of internal models used to calculate the market value should be disclosed.
Country Notes:
Country Notes:
 
Jun-14
 
 
1. Item I.A "Official reserve assets" represents the data item "International Reserves" that has been disseminated in accordance with the International Monetary Fund's (IMF) Special Data Dissemination Standard (SDDS). The basis for compilation of these statistics for Hong Kong is detailed in the IMF's Dissemination Standards Bulletin Board (DSBB.IMF.ORG) under "Summary Methodology".
 
2. Item I.A(1)(a) "Securities" comprises highly liquid, marketable equity and debt securities.
 
3. Item I.A(1)(b)(i) "Total currency and deposits with other national central banks, BIS and IMF" comprises deposits with other national central banks, the Bank for International Settlements and the World Bank.
 
4. Item I.A(1)(b)(ii) and (iii) "Total currency and deposits with banks headquartered in and outside Hong Kong" comprise deposit accounts with commercial banks.
 
5. Item I.A(2) "IMF reserve position" comprises lending to the IMF under the New Arrangements to Borrow (NAB).
 
6. Item I.A(5) "Financial Derivatives" comprises the net marked-to-market value of forward foreign exchange contracts, swap contracts and options contracts, and the unsettled amounts of revaluation gains and losses for futures contracts.
 
7. Item I.A(5) "Other" comprises mainly reverse repurchase agreements (reverse repos), cash placed with brokers for meeting the margin requirements of futures contracts,net receivables/(payables) of unsettled transactions and investments in Asian Bond Funds I & II.
 
8. Item I.B "Other foreign currency assets", representing foreign currency assets not included in reserve assets, comprises foreign currency deposits held in banks located in Hong Kong and foreign currency assets held by the HKSAR Government.
 
9. Item III.1(b) "Other contingent liabilities" comprises contingent liabilities with respect to the uncalled portion of shares subscribed for the Bank for International Settlements and the Asian Development Bank.
 
10. Item IV.(1)(c) "Pledged assets included in reserve assets" comprises securities pledged as margins for futures contracts.
 
11. Item IV.(1)(d) "Securities lent or repoed and included in Section I" comprises securities delivered on securities lending and repo transactions. These securities still remained as assets on the balance sheet. In compliance with an Operational Guideline update issued on 28 September 2000, securities lent or repoed are reported with a negative sign.
 
12. Item IV.(1)(d) "Securities borrowed or acquired but not included in Section I" comprises securities received from securities lending and reverse repo transactions. These securities are not recognised on the balance sheet of the reporting entity.
 
13. Item IV.(1)(e) "Financial derivative assets" comprises the item "Financial Derivatives" reported under I.A(5).
 
14. Item IV.(2)(a) "Currency composition of reserves" is disclosed annually. Currency composition as at 31 December is disseminated in the Template for March in the following year.
 
15. The figure "0" is used to designate zero or insignificant positions for the current month. A blank cell indicates that the item is not applicable at present.