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.





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