The Hong Kong Monetary Authority Tuesday announced that the official foreign currency reserve assets of Hong Kong amounted to 266.1 billion U.S. dollars at the end of November 2010.

The city's foreign currency reserve assets amounted to 267.1 billion U.S. dollars at the end of October, the agency said, adding that there were no unsettled forward contracts at end of November and the end of October.

Hong Kong is the world's ninth largest holder of foreign currency reserves based on the latest published figures, after the Chinese mainland, Japan, Russia, China's Taiwan, India, the Republic of Korea, Brazil and Switzerland.

The total foreign currency reserve assets of 266.1 billion U.S. dollars represent over nine times the currency in circulation or about 50 percent of Hong Kong dollar M3.

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