The Monetary Authority announced Hong Kong’s foreign currency reserve assets increased to US$417.2 billion in May from $416.4 billion in April.
The reserve assets represent over five times the currency in circulation or about 39% of Hong Kong dollar M3.
Including unsettled foreign exchange contracts, the foreign currency reserve assets at the end of May increased to US$417 billion from April’s US$416.4 billion.
Date: 2024.06.07