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Hong Kong's foreign currency reserves grow slightly in August
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08:05, September 09, 2008

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Hong Kong's foreign currency reserve assets hit 158.1 billion U.S. dollars at the end of August, up 400 million U.S. dollars from that of the previous month, the local Monetary Authority announced on Monday.

With the unsettled forward contracts included, the foreign currency reserve assets also stood at 158.1 billion U.S. dollars, the Monetary Authority said.

The Hong Kong Special Administrative Region, often taken as a separate economy, is the world's ninth largest holder of foreign currency reserves.

The assets represent more than seven times the currency in circulation, or about 40 percent of Hong Kong dollar M3.



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