Foreign currency reserves assets recorded at USD 278.8bn in July.

By bne IntelliNews August 10, 2011
Hong Kong's official foreign currency reserve assets increased USD 1.6bn over June, recording at USD 278.8bn at the end of July this year. As reported by Xinhua's China Economic Information Service, the Monetary Authority stated that the foreign currency reserve assets, including unsettled forward contracts, was recorded at USD 279bn during the period, as compared to USD 277.2bn registered in June. The total foreign currency reserve assets accounted for around nine times the currency in circulation or 56% of HKD M3.

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