Staff Reporter ,Hong Kong
The total assets represent 48% of HK dollar M3.
Foreign currency reserve assets slightly increased to US$498.1b at the end of October from US$494.9b last month, the Hong Kong Monetary Authority announced.
The authority said the total forex reserve assets for the month represent about seven times the currency in circulation or 48% of Hong Kong dollar M3.
Like last month, there were no unsettled foreign exchange contracts in October.
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