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 From Hong Kong's Information Services Department
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March 7, 2006
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Finance

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Foreign currency reserve assets hit US$125.7b
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Monetary Authority

Hong Kong's foreign currency reserve assets amounted to US$125.7 billion at the end of February, US$2.1 billion less than January, the Monetary Authority says.

 

The figure represents over six times the currency in circulation or about 40% of Hong Kong dollar M3.

 

Including unsettled forward contracts, foreign currency reserve assets stood at US$125.7 billion.

 

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