ECONOMY | Staff Reporter, Hong Kong

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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