The Hong Kong Monetary Authority announced Wednesday that the official foreign currency reserve assets of Hong Kong amounted to US$113.1 billion at the end of October 2001.
Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of October 2001 also stood at US$113.1 billion, making the city the world's fourth largest holder of foreign currency reserves, after Japan, China's mainland and Taiwan.
The total foreign currency reserve assets of US$113.1 billion
represent about eight times the currency in circulation or 44 percent of Hong Kong dollar, one of the highest ratios in the world.
(People's Daily November 8, 2001)
