HK Foreign Currency Reserve Assets Amounts to US$ 112.6 bln

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Last updated at: (Beijing Time) Friday, August 08, 2003

HK Foreign Currency Reserve Assets Amounts to US$ 112.6 bln

The Hong Kong Monetary Authority (HKMA) announced Thursday that the official foreign currency reserve assets of Hong Kong amounted to 112.6 billion US dollars at the end of July 2003.

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The Hong Kong Monetary Authority (HKMA) announced Thursday that the official foreign currency reserve assets of Hong Kong amounted to 112.6 billion US dollars at the end of July 2003.

In terms of foreign currency reserves ranking, Hong Kong is theworld's fifth largest holder of foreign currency reserves, after Japan, Chinese mainland, Chinese Taiwan and Korea.

The total foreign currency reserve assets of 112.6 billion US dollars represent about seven times the currency in circulation.

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