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ECONOMY | Staff Reporter, Hong Kong

Foreign currency reserves up by US$5.3b

This includes unsettled foreign exchange contracts.

Hong Kong’s foreign currency reserve assets increased by US$5.3 billion to US$391.5 billion in January, the Monetary Authority said.

Including unsettled foreign exchange contracts, foreign currency reserve assets at the end of January stood at US$383.4 billion.

The reserve assets represent about seven times the currency in circulation or 48% of Hong Kong dollar M3.

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