The reserve assets represent more than seven times the currency in circulation.
Hong Kong’s foreign currency reserves rose to US$422.1b in November from last month’s US$419.2b, according to latest data from the Hong Kong Monetary Authority.
Including unsettled foreign exchange contracts, foreign currency reserve assets rose to US$413.5b in November from US$410.9b last month.
The reserve assets represent more than seven times the currency in circulation or 44% of Hong Kong dollar M3.
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