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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:10-08 10:07

Hong Kong's latest foreign currency reserve assets figures released

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

Schools and tertiary students invited to enrol in Hong Kong Flower Show student drawing competition

The Hong Kong Flower Show 2026, organised by the Leisure and Cultural Services Department, will be held at Victoria Park from March 20 to 29. The Jockey Club Student Drawing Competition, one of the major activities of the flower show, will be held on March 20. Local primary and secondary school students, as well as full-time tertiary students, are welcome to take part in the competition. Applications are free of charge and will remain open until February 3.

The competition will be conducted in five categories: a Junior Section in Primary School (Primary One to Primary Three); a Senior Section in Primary School (Primary Four to Primary Six); a Junior Section in Secondary School (Form One to Form Three); a Senior Section in Secondary School (Form Four to Form Six); and a Tertiary Institution Section. The competition is scheduled from 9am to noon for primary school categories and the Tertiary Institution Section, and from 1.30pm to 4.30pm for secondary school categories on the day.

The competition will feature students' drawings of floral exhibits or garden displays in the showground with a view to enhancing awareness of conserving plants and the natural environment. Participants may use any form of drawing to illustrate the theme of the competition, "A Fragrant Journey through Hong Kong".

For details of the competition, please call 2926 3060/2302 1762 or visit the flower show webpage www.hkflowershow.hk/en/hkfs/2026/drawing.html. Primary and secondary school students should enrol through their schools, while tertiary students are required to enrol individually. Participating schools and entrants of the Tertiary Institution Section should submit applications online on or before February 3.

The upcoming flower show features "A Fragrant Journey through Hong Kong" as its main theme, with the stock as its theme flower. The Hong Kong Jockey Club Charities Trust is supporting the flower show for the 14th consecutive year and has been its major sponsor since 2014.

The Hong Kong FLower Show, Photo source: FB

The Hong Kong FLower Show, Photo source: FB

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