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HK foreign currency reserves up $16.2 billion

(Xinhua)
Updated: 2009-12-08 10:14

Hong Kong's official foreign-currency reserve assets rose to $256.3 billion in November, up $16.2 billion over October, the Hong Kong Monetary Authority said on Monday.

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Including unsettled forward contracts, foreign-currency reserve assets also stood at $256.3 billion in November, up $16.2 billion over October.

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

The total foreign-currency reserve assets of $256.3 billion represent about 10 times the currency in circulation, or 55 percent of Hong Kong dollar M3.
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