Foreign currency reserves up
December 7, 2021
Hong Kong's foreign currency reserve assets rose to US$499.5 billion in November from October’s US$498 billion, the Monetary Authority announced today.
The reserve assets represent about seven times the currency in circulation or about 48% of Hong Kong dollar M3.
Including unsettled foreign exchange contracts, the foreign currency reserve assets at the end of November increased to US$498.5 billion from October’s US$498 billion.