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 From Hong Kong's Information Services Department
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November 7, 2003
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Monetary Authority
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Foreign-currency reserve assets hit US$112.4b

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Monetary Authority

Hong Kong's official foreign-currency reserve assets rose to US$112.4 billion at the end of October, up from US$112.1 billion a month earlier.

 

Including unsettled forward contracts, the foreign-currency reserve assets of US$112.4 billion represent about seven times the currency in circulation or 42% of Hong Kong dollar M3

 

Hong Kong is the world's fifth-largest holder of foreign-currency reserves, after Japan, the Mainland, Taiwan and Korea.