Foreign currency reserve assets down by US$1bln in November

Hong Kong is the world's ninth-largest holder of foreign currency with reserve assets amounting to US$266.1bln.

Hong Kong’s official foreign currency reserve assets amounted to US$266.1 billion at the end of November, US$1 billion less than that at the end of October, the Monetary Authority announced on Tuesday.

There were no unsettled forward contracts at the end of November nor the end of October.

Hong Kong is the world's ninth-largest holder of foreign currency reserves based on the latest published figures, after the Mainland, Japan, Russia, Taiwan, India, South Korea, Brazil and Switzerland.

The total foreign currency reserve assets of US$266.1 billion represent over nine times the currency in circulation or about 50% of Hong Kong dollar M3.