Photo courtesy of Sharon McCutcheon.

Foreign currency reserves down to US$441.7b in July

This is over US$5m lower from the preceding month.

Hong Kong’s foreign currency reserve assets dropped by US$5.5m between June to July, according to data released by the Monetary Authority.

Reserve assets in July were at US$441.7b, compared to US$447.2b in June.

ALSO READ: HK’s funds industry needs to assess climate-related risks ahead of new deadlines:PwC

If including the unsettled foreign exchange contracts, the foreign currency reserve assets at the end of July amounted to US$440.1 billion.

The reserve assets represent about six times the currency in circulation or 42% of Hong Kong dollar M3, the Monetary Authority said.

Follow the link for more news on

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!