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 From Hong Kong's Information Services Department
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March 8, 2010
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Reserves

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Foreign currency reserve assets up US$1.1b
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Monetary Authority

Hong Kong's official foreign currency reserve assets rose to US$258.2 billion in February, up US$1.1 billion on January, the Monetary Authority says.

 

Including unsettled forward contracts, the foreign currency reserve assets also stood at US$258.2 billion, up US$1.1 billion on January.

 

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$258.2 billion represent about nine times the currency in circulation or 56% of Hong Kong dollar M3.