Analytical Accounts of Exchange Fund
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) released today (June 13) the key analytical accounts of the Exchange Fund at the end of May 2025.
Foreign assets, representing the external assets of the Exchange Fund, increased during the month by HK$201.3 billion to HK$3,586.6 billion.
The Monetary Base, comprising Certificates of Indebtedness, Government‑issued currency notes and coins in circulation, the balance of the banking system and Exchange Fund Bills and Notes issued, amounted to HK$2,124.9 billion.
Claims on the private sector in Hong Kong amounted to HK$325.6billion.
Foreign liabilities amounted to HK$31.0 billion.
The analytical accounts of the Exchange Fund are released in accordance with the International Monetary Fund's Special Data Dissemination Standard (SDDS) and are referred to as the Analytical Accounts of the Central Bank under SDDS (Annex).
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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 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 June 2025, the scheduled dates for issuing the press releases are as follows:
June 6
(Issued)
SDDS International Reserves
(Hong Kong's Latest Foreign Currency Reserve Assets Figures)
June 13
SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund)
June 30
SDDS Template on International Reserves and
Foreign Currency Liquidity
June 30
Exchange Fund Abridged Balance Sheet and
Currency Board Account
Remarks by SLW on new "continuous contract" requirement under Employment Ordinance and Mandatory Reporting of Child Abuse Ordinance
Following are the remarks by the Secretary for Labour and Welfare, Mr Chris Sun, after attending Care the Carers Campaign – Carer-friendly Commendation Ceremony this afternoon (January 13):
Reporter: With regard to the new "468" (new "continuous contract" requirement under Employment Ordinance) employment rule, how would that better safeguard part-timers' rights and how would the government respond to those who remain exploited under the new rule, and what protection mechanisms are in place?
Secretary for Labour and Welfare: The new "468" arrangement will come into force on January 18. This is going to be a very clear improvement over the existing arrangement, what we now call "418" as the existing "continuous contract" requirement under the Employment Ordinance. The major improvement is in the calculation of working hours. Under the existing "continuous contract" requirement, the major concern for quite a number of employees is that their working hours for three consecutive weeks are quite long, with very short working hours in the fourth week, and they do not meet the "continuous contract" requirement.
However, once we have changed to "468", that would no longer be the case. If counting for over a period of four weeks, employees will meet the new "continuous contract" requirements if they worked for the employer concerned for 68 hours or more. The employers have to provide a full suite of privileges under the requirements of the Employment Ordinance. I think this is what we are trying to achieve. And for that change, it is achieved through a long discussion at the Labour Advisory Board, with the consensus agreement from both employee and employer members, and then we implement it through amendment to the Employment Ordinance.
(Please also refer to the Chinese portion of the remarks.)
Source: AI-found images
