Hong Kong's Latest Foreign Currency Reserve Assets Figures Released

Press Releases

07 Dec 2010

Hong Kong's Latest Foreign Currency Reserve Assets Figures Released

The Hong Kong Monetary Authority (HKMA) announced today (Tuesday) that the official foreign currency reserve assets of Hong Kong amounted to US$266.1 billion as at the end of November 2010 (end-October 2010: US$267.1 billion) (Table 1). There were no unsettled forward contracts as at end of November and end of October.

Hong Kong is the world's ninth largest holder of foreign currency reserves based on the latest published figures, after Mainland China, Japan, Russia, Taiwan, India, Korea, Brazil and Switzerland (Table 2).

The total foreign currency reserve assets of US$266.1 billion represent over nine times the currency in circulation or about 50% of Hong Kong dollar M3.

Tables 1 & 2

For media enquiries, please contact:
Rhonda Lam, Communications Chief, at 2878 1480 or
Yokee Wong, Manager (Communications), at 2878 1213

Hong Kong Monetary Authority
7 December 2010

 

At present, four press releases relating to the Exchange Fund's data are issued by the HKMA each month. Three of these releases are issued to disseminate monetary data in accordance with the International Monetary Fund's Special Data Dissemination Standard (SDDS). The fourth press release, on the Exchange Fund's Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA's policy of maintaining a high level of transparency. For the month of December 2010, the scheduled dates for issuing the press releases are as follows:

7 December SDDS International Reserves (Hong Kong's Latest Foreign Currency Reserve Assets Figures)
14 December SDDS Analytical Accounts of the Central Bank (Analytical Accounts of the Exchange Fund)
31 December Exchange Fund Abridged Balance Sheet and Currency Board Account
31 December SDDS Template on International Reserves and Foreign Currency Liquidity
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Last revision date : 07 December 2010