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Traditional ChineseSimplified ChineseText onlyPDA
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September 7, 2005

Finance

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Foreign currency assets up US$400m
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Monetary Authority logo

Hong Kong's foreign currency reserve assets amounted to US$122.3 billion at the end of August, up US$400 million on the previous month, the Monetary Authority says.

 

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

 

The assets represent over six times the currency in circulation or about 42% of Hong Kong dollar M3.

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