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| HK forex reserves reach $126.6 bln in June |
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| www.chinaview.cn
2006-07-07 19:26:47
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HONG KONG, July 7 (Xinhua) -- Hong Kong Special Administrative Region's foreign-currency reserve assets -- including unsettled forward contracts -- stood at 126.6 billion U.S. dollars at the end of June, up slightly from 126.5 billion U.S. dollars at the end of May.
According to a government press release on Friday, Hong Kong is the world's eighth largest holder of foreign currency reserves, after the Chinese mainland, Japan, China's Taiwan, Russia, Korea, India and Singapore.
The 126.6 billion U.S. dollars reserve assets represent more than six times the currency in circulation, or about 35 percent of Hong Kong dollar M3. Enditem
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