Beijing’s US$3.2 trillion question: how much of China’s forex reserves go to Hong Kong?

Quick Summary:

The central bank’s pledge to increase reserve holdings of the Hong Kong dollar shows a commitment to the city’s financial hub status.

In 2019, the share of US dollar assets fell to 55 per cent, while “other currencies” accounted for the rest.

In its 2023 report, released in October, Safe disclosed the share of US dollar assets in 2019.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Zhou Xin

Category: Business

Markets: Hong KongChina

Topics: Dollar Forex Hong Kong Trillion Reserves Exchange Foreign China’s Assets Us$3

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 07:00:07 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 364 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25300759

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 18 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 48 minutes ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions