China Travel & Tourism News
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HK foreign assets reach $122.4 bln in Nov
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| 08-Dec-2005 - Xinhuanet |
The Hong Kong Monetary Authority (HKMA) announced Wednesday that the official foreign currency reserve assets of Hong Kong amounted to 122.4 billion US dollars by the end of November 2005.
According to source from HKMA, Hong Kong is the world's seventh largest holder of foreign currency reserves, after Japan, Chinese mainland, China's Taiwan, Korea, Russia and India.
The total foreign currency reserve assets of 122.4 billion US dollars represent over six times the currency in circulation, or about 42 percent of Hong Kong dollar M3.
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| 08-Dec-2005 - Xinhuanet |
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