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Home >> Business
UPDATED: 20:06, March 14, 2007
HK foreign assets hit one trillion HK dollars
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The foreign assets of Hong Kong 's Exchange Fund amounted to 1.008 trillion HK dollars (129 billion U.S. dollars) at the end of February, the Hong Kong Monetary Authority (HKMA) announced on Wednesday.

The figure was up 35.9 billion HK dollars on January, said HKMA.

The Monetary Base, comprising Certificates of Indebtedness, Government-issued currency notes and coins in circulation, the Aggregate Balance of the banking system and Exchange Fund Bills and Notes issued, amounted to 308.9 billion HK dollars.

Claims on the private sector in Hong Kong amounted to 85.5 billion HK dollars, while foreign liabilities, representing mainly obligations under repurchase agreements, amounted to 1.6 billion HK dollars. (One U.S. dollar equals 7.8075 HK dollars)

Source: Xinhua


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