HK Forex Reserve Assets Up 1.4%

The Hong Kong Monetary Authority (HKMA) announced Wednesday that the official foreign currency reserve assets of Hong Kong amounted to US$95.2 billion at the end of May, 1.4 per cent up from one month ago.

The figure represents over seven times the currency in circulation, one of the highest ratios in the world.

Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of May stood at US$95.4 billion, 1.3 per cent up from the end of April.

Hong Kong is the world's fourth largest holder of foreign currency reserves after Japan, the Chinese Mainland and Taiwan.

People's Daily Online --- http://www.peopledaily.com.cn/english/