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 DisseminationStandards Bulletin Board Reviews of the Fund's Data Standards' Initiatives (Reviews) Special Data Dissemination Standard Site (SDDS) Introduction Metadata Data What's New Contact Us General Data Dissemination System Site (GDDS) Data Quality Reference Site (DQRS) |
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| The Data: Coverage, Periodicity, and Timeliness | ||||||||||||
| Coverage characteristics | 5.1.1 Statistical presentation The official reserve assets and the data template on international reserves and foreign currency liquidity, disseminated within one week and one month respectively after the end of the reference month, are compiled in accordance with the IMF's Operational Guidelines. Data on international reserve assets are disseminated in billions of US dollars. Data in the data template on international reserves and foreign currency liquidity are disseminated in millions of US dollars. Data on assets and liabilities vis-a-vis the Mainland of China are treated as external positions. | |||||||||||
| Periodicity | 4.1.1 Periodicity Monthly | |||||||||||
| Timeliness | 4.1.2 Timeliness The official reserve assets are disseminated within one week after the end of the reference month. The data template on international reserves and foreign currency liquidity is disseminated within one month after the end of the reference month. | |||||||||||
| Access by the Public | ||||||||||||
| Advance dissemination of release calendar | 5.1.3 Advance release calendar An advance release calendar giving the precise release dates for the coming calendar year is issued in a press release in October of each year for both the official reserve assets and the data template on international reserves and foreign currency liquidity. | |||||||||||
| Simultaneous release to all interested parties | 5.1.4 Simultaneous release The data are available to all simultaneously through the press releases which disseminate respectively the official reserve assets and the data template on international reserves and foreign currency liquidity. | |||||||||||
| Integrity | ||||||||||||
| Dissemination of terms and conditions under which official statistics are produced, including those relating to the confidentiality of individually identifiable information | 0.1.1 Responsibility for collecting, processing, and disseminating statistics Hong Kong Monetary Authority The Exchange Fund (Amendment) Ordinance 1992, which provides the Financial Secretary with the power to appoint a Monetary Authority to assist him in the performance of his functions under the Exchange Fund Ordinance (Cap. 66), came into operation on 1 April 1993. Section 7 of the Exchange Fund Ordinance requires that the accounts of the Exchange Fund be audited in accordance with the directive of the Chief Executive of Hong Kong SAR. International reserves and foreign currency liquidity The HKMA published quarterly figures on the foreign currency assets of the Exchange Fund for the first time at the end of September 1995 (with quarterly figures from December 1993) and moved on to monthly disclosures from the end of January 1997. The Exchange Fund (Amendment) Ordinance 1992, which provides the Financial Secretary with the power to appoint a Monetary Authority to assist him in the performance of his functions under the Exchange Fund Ordinance (Cap. 66), came into operation on 1 April 1993. Section 7 of the Exchange Fund Ordinance requires that the accounts of the Exchange Fund be audited in accordance with the directive of the Chief Executive of the Hong Kong SAR. 0.4.2 Quality monitoring The annually published balance sheet is audited by the Director of Audit of the Hong Kong SAR government. Interim monthly balance sheets are subject to internal review. 1.2.1 Disclosure of terms and conditions for statistical collection, processing, and dissemination Hong Kong Monetary Authority The Exchange Fund Ordinance is published in the Laws of Hong Kong Special Administrative Region which is accessible to the public and is available on the website of the Department of Justice (http://www.legislation.gov.hk/eng/home.htm). International reserves and foreign currency liquidity The Exchange Fund Ordinance is published in the Laws of Hong Kong Special Administrative Region which is accessible to the public and is available on the website of the Department of Justice (http://www.legislation.gov.hk/eng/home.htm). 1.3.1 Guidelines for staff behavior The data are generally not revised, but any revision will be included in the following data release. Accounting policies, once adopted, do not normally change. In the event of any changes, they are announced at the time the data are released. | |||||||||||
| Identification of internal government access to data before release | 1.2.2 Internal governmental access to statistics prior to release The Financial Secretary normally receives advance notice of the data on the same day of the press release of such data. | |||||||||||
| Identification of ministerial commentary on the occasion of statistical releases | 1.2.3 Attribution of statistical products No ministerial comments accompany the release of data. | |||||||||||
| Provision of information about revision and advance notice of major changes in methodology | 4.3.1 Revision schedule The data are generally not revised, but any revision will be included in the following data release.1.2.4 Advance notice of major changes in methodology, source data, and statistical techniques. Accounting policies, once adopted, do not normally change. In the event of any changes, they are announced at the time the data are released. | |||||||||||
| Quality | ||||||||||||
| Dissemination of documentation on methodology and sources used in preparing statistics | 5.2.1 Dissemination of documentation on concepts, scope, classifications, basis of recording, data sources, and statistical techniques Explanatory notes accompany the data published in the HKMA's Monthly Statistical Bulletin. (See also summary methodology) | |||||||||||
| Dissemination of component detail, reconciliations with related data, and statistical frameworks that support statistical cross-checks and provide assurance of reasonableness | 4.2.1 Internal consistency The "Exchange Fund Abridged Balance Sheet" is published monthly via press release approximately 4 weeks after the end of the reference month. The asset side of the Abridged Balance Sheet of the Exchange Fund comprises: foreign currency assets (including gold) and Hong Kong dollar assets. The liability side comprises: Certificates of Indebtedness; Government-issued currency notes and coins in circulation; Balance of the banking system; Exchange Fund Bills and Notes (collectively form the Monetary Base of Hong Kong); Placements by other Hong Kong SAR government funds; Placements by banks, Placements by Hong Kong statutory bodies and other financial institutions; and Other liabilities. 4.2.2 Temporal consistency Beginning in January 1999, the HKMA Monthly Statistical Bulletin publishes monthly time series balance sheet data. (For the period from Dec 1993 to Dec 1998, half-yearly data are available.) The Bulletin is published on the HKMA Internet website (http://www.info.gov.hk/hkma/eng/public/index.htm). The HKMA Annual Report contains audited balance sheets of the Exchange Fund at 31 December of the current and preceding year. | |||||||||||
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