Hong Kong's foreign currency reserves rise to $160.6 bln in September
www.chinaview.cn 2008-10-08 19:56:18   Print

    HONG KONG, Oct. 8 (Xinhua) -- Hong Kong's official foreign currency reserve assets rose to 160.6 billion U.S. dollars at the end of September, up 2.5 billion U.S. dollars from a month earlier, the Hong Kong Monetary Authority said Wednesday.

    Hong Kong is the ninth largest holder of foreign currency reserves worldwide after economies such as the Chinese mainland, Japan, Russia, India, China's Taiwan, South Korea, Brazil and Singapore.

    Including unsettled forward contracts, the foreign currency reserve assets also stood at 160.6 billion U.S. dollars.

    The total foreign reserves of 160.6 billion U.S. dollars represent about seven times the currency in circulation or 41 percent of Hong Kong dollar M3.

Editor: Jiang Yuxia
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