Hong Kong Census and Statistics Department said Tuesday that the net financial assets of the special administrative region hit 3.48 trillion HK dollars (450 billion U.S. dollars at the end of last year.

According to the department, after netting out the external financial liabilities from the external financial assets, Hong Kong stood as a net creditor, with net external financial assets amounting to 3.48 trillion HK dollars (450 billion U.S. dollars), or 252 percent of GDP.

The ratios of both Hong Kong's external financial assets and liabilities show Hong Kong is a highly externally-oriented economy with considerable cross-territory investment and also a major financial center in the region with considerable cross-territory fund positions.

Commenting on the figures, the department said Hong Kong's international investment position remains sound. This signified the diverse roles of Hong Kong as an international financial center, and a conduit for channeling direct investment funds to the rest of the world, it added.

Source: Xinhua