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Traditional ChineseSimplified ChineseText onlyPDARSS
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August 9, 2010
Finance
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Foreign currency reserve assets rise
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Monetary Authority

Hong Kong's official foreign currency reserve assets amounted to US$260.7 billion at the end of July, up on the US$256.8 billion recorded at the end of June, the Monetary Authority says.

 

There were no unsettled forward contracts at end of July.

 

Hong Kong is the world's seventh-largest holder of foreign currency reserves based on the latest published figures, after the Mainland, Japan, Russia, Taiwan, Korea and India.

 

The total foreign currency reserve assets represent more than nine times the currency in circulation or 56% of Hong Kong dollar M3.

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