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 From Hong Kong's Information Services Department
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July 7, 2006
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Assets

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Forex reserves reach US$126.6b in June

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Hong Kong's foreign-currency reserve assets - including unsettled forward contracts - stood at US$126.6 billion at the end of June, up slightly from US$126.5 billion at the end of May.

 

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

 

The US$126.6 billion reserve assets represent more than six times the currency in circulation, or about 35% of Hong Kong dollar M3.