Published:
Hong Kong's foreign currency reserves hit US$400b in April
It's equivalent to seven times the currency in circulation.
Hong Kong’s foreign currency reserve assets increased by US$4.5 billion to US$400 billion in April, the Monetary Authority said.
Including unsettled foreign exchange contracts, foreign currency reserve assets at the end of April stood at US$391.6 billion.
The reserve assets represent more than seven times the currency in circulation or 47% of Hong Kong dollar M3.
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