Hong Kong’s Foreign Currency Reserves at US$268.7 Billion

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Melissa Ng / David Hsieh at 212-752-3320
Daniel McAtee at 202-238-6360
Wing Yan Tong at 415-835-9315

 

January 7, 2011 - Hong Kong’s foreign currency reserve assets amounted to US$268.7 billion at the end of December 2010, according to the Hong Kong Monetary Authority, compared with US$266.1 billion at end-November 2010.

Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong as at the end of December 2010 stood at US$268.9 billion, compared with US$266.1 billion at end-November 2010.

Hong Kong is the world’s eighth largest holder of foreign currency reserves based on the latest published figures, after Mainland China, Japan, Russia, Taiwan, India, Korea and Brazil.

The total foreign currency reserve assets of US$268.7 billion represent about nine times the currency in circulation or 54% of Hong Kong dollar M3.