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 From Hong Kong's Information Services Department
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February 8, 2010
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Finance

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Foreign currency reserve assets up US$1.3b
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Hong Kong's official foreign currency reserve assets rose to US$257.1 billion in January, up US$1.3 billion on December, the Monetary Authority says.

 

Including unsettled forward contracts, the foreign currency reserve assets also stood at US$257.1 billion, up US$1.3 billion on December.

 

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

 

The total foreign currency reserve assets of US$257.1 billion represent over nine times the currency in circulation or about 55% of Hong Kong dollar M3.