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Hong Kong Became World's 5th Foreign Currency Reserve Holder.

Asia Africa Intelligence Wire

| March 15, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From SinoCast China Business Daily News)

HONG KONG, March 16, SinoCast -- Hong Kong Monetary Authority (HKMA) revealed that the Hong Kong Special Administrative Region Government (HKSARG) held official foreign currency reserve assets of USD 123.5 billion at the end of February 2004.

Including unsettled forward contract, Hong Kong's official foreign currency reserve assets increased to USD 123.5 billion at end-February 2004.

Hong Kong is the world's fifth largest holder of foreign currency reserve, after Japan, the Mainland China, China Taiwan, and South Korea.

Hong Kong's official foreign currency reserve assets …

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