HK's foreign reserve assets hit 133.7 bln USD

Hong Kong's foreign currency reserve assets rose to 133.7 billion U.S. dollars in January, up 500 million U.S. dollars on December last year, the Monetary Authority said Wednesday.

This represented over six times the currency in circulation, or about 37 percent of Hong Kong dollar M3.

Including unsettled forward contracts, the foreign currency reserve assets stood at 133.7 billion U.S. dollars.

Hong Kong is the world's eighth largest holder of foreign currency reserves, after the Chinese mainland, Japan, Russia, Taiwan, South Korea, India and Singapore.

Source:Xinhua