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Foreign currency reserves up

December 07, 2017

Hong Kong's foreign currency reserve assets rose to US$422.1 billion in November from US$419.2 billion in October, the Monetary Authority said today.


Including unsettled foreign exchange contracts, foreign currency reserve assets at the end of November rose to US$413.5 billion from US$410.9 billion in October.


The reserve assets represent more than seven times the currency in circulation or 44% of Hong Kong dollar M3.

Asian financial Forum