Staff Reporter
,
Hong Kong
Photo by Andres Garcia on Unsplash
It expanded from the US$436.9b record in December.
Hong Kong's foreign currency reserve assets rose to US$436.9b in January from US$424 billion in December 2022.
According to the Monetary Authority, the reserve assets represent over five times the currency in circulation or about 42% of Hong Kong dollar M3.
“There were no unsettled foreign exchange contracts at the end of January,” added the Monetary Authority.
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