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HK exchange fund assets top US$201b
January 24, 2009, Saturday
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HONG Kong's total exchange fund assets topped HK$1.557 trillion (US$201 billion) at the end of last year, HK$131.6 billion more than that at the end of November, the Hong Kong Monetary Authority said yesterday.
Foreign-currency assets rose HK$129.9 billion last month, and Hong Kong dollar assets rose by HK$1.7 billion. The rise in foreign-currency assets was due mainly to purchases of foreign currencies with Hong Kong dollars and valuation gains on foreign-currency investments, the authority said.
Foreign-currency assets rose HK$129.9 billion last month, and Hong Kong dollar assets rose by HK$1.7 billion. The rise in foreign-currency assets was due mainly to purchases of foreign currencies with Hong Kong dollars and valuation gains on foreign-currency investments, the authority said.
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