HK's foreign-currency reserve assets hit 136.8 billion USD

Hong Kong's foreign-currency reserve assets rose to 136.8 billion U.S. dollars in April, up 1.4 billion U.S. dollars from March, revealed Hong Kong Monetary Authority Monday.

The new foreign-currency assets represent about seven times the currency in circulation, or 36 percent of Hong Kong dollar M3.

Including unsettled forward contracts, the foreign-currency reserve assets also stood at 136.8 billion U.S. dollars, according to the Monetary Authority.

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

Source: Xinhua