Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Economy
 Search News  Or
Hong Kong's forex reserves fall to US$291.9 bln as of end-May

Jun. 8, 2012 (China Knowledge) - The Monetary Authority of Hong Kong (or HKMA), Hong Kong's de facto central bank, has said that the official foreign currency reserve assets in the special administrative region had reached US$291.9 billion at the end of May, having decreased by US$3.7 billion from a month earlier.

Including unsettled forward contracts, the city's forex reserves were US$291.9 billion at the end of last month.

The US$291.9 billion in reserves is more than eight times the amount of currency in circulation in Hong Kong, and accounts for about 54% of Hong Kong's M3.

The HKMA said earlier that the total assets of Hong Kong's Exchange Fund had increased HK$47.2  billion from March to HK$2.59 trillion at the end of April. The fund's foreign currency assets increased by HK$8.1 billion, and its Hong Kong dollar assets increased by HK$39.1 billion in April.







Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved