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Traditional ChineseSimplified ChineseText onlyPDARSS
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October 8, 2008
Finance
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Foreign currency reserves up US$2.5b
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Monetary Authority

Hong Kong's official foreign currency reserve assets rose to US$160.6 billion in September, up US$2.5 billion on August, the Monetary Authority says.

 

Including unsettled forward contracts, foreign currency reserve assets also stood at US$160.6 billion in September, up US$2.5 billion on August.

 

Hong Kong is the world's ninth largest holder of foreign currency reserves after the Mainland, Japan, Russia, India, Taiwan, South Korea, Brazil and Singapore.

 

The reserves represent about seven times the currency in circulation or 41% of Hong Kong dollar M3.



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