Foreign currency reserves balloon to US$1.2b

This is over 8x the currency in circulation.

Hong Kong’s official foreign currency reserve assets amounted to US$317.3 billion at the end of December, up US$12.1b on November, the Monetary Authority announced.

Including unsettled forward contracts, foreign currency reserve assets at the end of December stood at US$317.3 billion, compared with US$306.8 billion at the end of November.

The figure represents more than eight times the currency in circulation or about 55% of Hong Kong dollar M3.

Join Hong Kong Business community
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!