Photo by Ruslan Bardash on Unsplash

Foreign currency reserves hit US$21.4b in October

It decreased from US$422.8b in September.

Foreign currency reserve assets slipped from US$422.8b in September to US$421.4b in October.

According to the Monetary Authority, the reserve assets represent over five times the currency in circulation or about 39% of Hong Kong dollar M3.

“There were no unsettled foreign exchange contracts in end-October and September 2024,” added the Monetary Authority.

 

Join Hong Kong Business community

Follow the link for more news on

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!

Exclusives

Tax cuts unlikely to lift Hong Kong home prices
They could boost sentiment and reinforce signs of a stabilising property market.
Relaxed commercial event rules may spur pop-ups, ease retail bust
Social interaction during events is the future of retail and mixed-use development.
MBA admissions fall on tech mismatch
There have been more female and overseas applicants in Hong Kong.
HR & Education