Hong Kong fell to the world's ninth largest holder of foreign currency reserves

Even with the  foreign currency reserve assets amounting to $273.2 billion in January, Hong Kong still fell from the world's eighth largest holder of foreign currency reserves to the ninth based on the latest published figures.

The top eight country in order is the Mainland China, Japan, Russia, Saudi Arabia, Taiwan, India, Brazil and Korea.

Hong Kong's foreign currency reserve assets amounted to $268.7 at the end of December, was the eighth largest holder of foreign currency reserves in the world.

Hong Kong's Monetary Authority on Wednesday announced its official foreign currency reserve assets reached to $273.2 billion at the end of January, rising $4.5 billion on the end of December.