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HK marathon gets 'M' Mark

The Major Sports Events Committee today announced that it has awarded the "M" Mark status to the 25th Standard Chartered Hong Kong Marathon to be held on February 12.   The committee's Chairman Wilfred Ng said the event will add colour and vibrancy to Hong Kong, like all other "M" Mark events.   “The 'M' Mark events showcase Hong Kong's capability to host world-class events and enhance Hong Kong's position as a centre for major international sports activities.   “These events also allow the general public to enjoy and participate in high-level competitions and nurture a sustainable sporting culture in the community,” he added.   Launched in 2004, the "M" Mark system aims to help local national sports associations organise more major international sports events and nurture them into sustainable undertakings. http://dlvr.it/Sj0HBF

Foreign currency reserves up

Hong Kong's foreign currency reserve assets rose to US$494.5 billion in May from April’s US$490.6 billion, the Monetary Authority announced today.   The reserve assets represent about seven times the currency in circulation or 47% of Hong Kong dollar M3.   There were no unsettled foreign exchange contracts in May.
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