Published:
Mainland beats Hong Kong in largest holder of foreign currency reserves
Hong Kong ranked ninth as its currency reserve assets amounted to US$273.2 billion at the end of January 2011.
According to Hong Kong Information Services Department, the Monetary Authority said the amount increased US$4.5 billion on the end of December.
Hong Kong is the world’s ninth largest holder of foreign currency reserves based on the latest published figures, after the Mainland, Japan, Russia, Saudi Arabia, Taiwan, India, Brazil and Korea.
The figure represents more than eight times the currency in circulation, or 55% of Hong Kong dollar M3.
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