Hong Kong's Foreign Exchange Reserves Now Larger Than Those Of US, Data Suggests

REGULATORS

Hong Kong's US$82 billion foreign exchange reserves are now bigger than those of the United States, and are currently rated as the fifth largest FX reserves in the world, according to the Hong Kong Monetary Authority (HKMA).

The HKMA claims in a statement released at the end of July, that Hong Kong's forex reserves were boosted because, for the first time, the Exchange Fund has been calculated by adding to it Hong Kong's $15.4 billion Land Fund.

Previously, the Land Fund was handled separately