Hong Kong’s foreign currency reserve assets down by US$.2bn

The Monetary Authority of the world’s 10th largest holder of foreign currency reserves said there were no unsettled forward contracts at the end of March and February.

Hong Kong's official foreign currency reserve assets amounted to US$272.5 billion at the end of March, compared to US$272.7 billion at the end of February.

The Monetary Authority on Thursday said there were no unsettled forward contracts at the end of March and February.

Hong Kong is the world’s 10th largest holder of foreign currency reserves after the Mainland, Japan, Russia, Saudi Arabia, Taiwan, Brazil, India, South Korea and Switzerland.

The reserves represent about nine times the currency in circulation or 55% of Hong Kong dollar M3.