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HK's forex reserves up $600m in June

(Xinhua)
Updated: 2010-07-08 11:22
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HONG KONG - Hong Kong's Monetary Authority announced Wednesday that HK's official foreign currency reserve assets rose to $256.8 billion?in June, up $600 million on May.

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It added there were no unsettled forward contracts at the end of June and May.

Hong Kong is the world's eighth largest holder of foreign currency reserves based on the latest published figures, after the Chinese mainland, Japan, Russia, 皇冠体育app's Taiwan, India, South Korea and Switzerland.

The total foreign currency reserve assets represent more than nine times the currency in circulation or about 56 percent of Hong Kong dollar M3.