HK Exchange Fund foreign assets HK$2,009.4 bln at end-Oct

HONG KONG, Nov 12 (Reuters) - Foreign assets in Hong Kong's Exchange Fund stood at HK$2,009.4 billion ($257.6 billion) at the end of October 2010, up HK$11.6 billion from the end of September 2010, the Hong Kong Monetary Authority said on Friday. The Exchange Fund backs the local currency, which has been pegged to the U.S. dollar since 1983. (US$1=HK$7.8) (Reporting by Raymond Leung; Editing by Chris Lewis) ((; +852 2843 6368; Reuters Messaging: Keywords: HONGKONG EXCHANGEFUND ASSETS (If you have a query or comment on this story, send an email to COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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