Foreign currency reserves up
October 8, 2019
Hong Kong’s foreign currency reserve assets rose to US$438.7 billion in September from US$432.8 billion in August, the Monetary Authority announced today.
Including unsettled foreign exchange contracts, the foreign currency reserve assets at the end of September increased to US$431.5 billion from August’s US$425.6 billion.
The reserve assets represent about seven times the currency in circulation or 46% of Hong Kong dollar M3.