Economy

Staff Reporter

, Hong Kong

Published:

13 years ago

September foreign currency reserve assets down US$1.9bn

Total foreign currency reserve assets represent more than eight times the currency in circulation in September.

Hong Kong's official foreign currency reserve assets amounted to US$277.7 billion at the end of September, down by US$1.9 billion on August's figure, the Monetary Authority announced Friday.

Including unsettled forward contracts, the figures were the same for the same periods.

The total foreign currency reserve assets represent more than eight times the currency in circulation or 55% of Hong Kong dollar M3.

Follow the link for more news on

Also Read

Gov’t to boost economic ties with Hainan under new pact

Exports up 15.4% to $327.9b in February on Asia growth

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Hong Kong green offices lose pricing edge as supply expands

Hong Kong is seeing its green rental premium gradually shrink as the supply of certified space catches up with demand.

Commercial Office

2 hours ago

Hong Kong sees record housing completions despite weak prices

The surge in completions was driven by concentrated supply in Kowloon City, Yuen Long, and Tuen Mun.

Residential Property

2 hours ago

Gov’t announces board changes to HKTDC

The government reappointed Ronna Chao Wei-ting as a member.

Markets

16 hours ago

CK Hutchison mulls spin-off of telecom business

There is no guarantee that any transaction will take place.

Telecom & Internet

16 hours ago

Exclusives

More non-toy retailers use blind boxes to boost sales

Travel, food and beverage, and fashion can also benefit from a little bit of excitement.

Retail

5 days ago

Luxury brands flock to Lifestyle’s first mall tower in Kai Tak

The mall has achieved over 95% occupancy since its launch in November 2024.

Commercial Retail

6 days ago

HSBC’s Yvonne Yiu on why the future of payments is instant

She credits her propensity to ask questions for becoming one of HSBC’s top leaders.

BEA’s Ivy Chan on managing banking risks, trade war shifts

She never saw her banking job as one with a bias for either men or women.

Event News

Co-Written / Partner Deloitte Partner Matthieu Lambert: Visionary thinking and practical execution crucial for technological advancement

Asia Pacific's diverse technological landscape requires a strategic balance of robust infrastructure, AI-ready workforce, and regulatory adaptability.