Foreign assets in Hong Kong Exchange Fund HK$3.15 trln at end-Feb

March 14 (Reuters) - Foreign assets in Hong Kong's Exchange

Fund stood at HK$3.15 trillion ($405.5 billion) at the end of

February, down HK$7.6 billion from the previous month, the Hong

Kong Monetary Authority said on Tuesday.

The Exchange Fund backs the local currency, which has been

pegged to the U.S. dollar since 1983.

($1 = 7.7686 Hong Kong dollars)

(Reporting by Twinnie Siu; Editing by Jacqueline Wong)