The Hong Kong Monetary Authority (HKMA) reported that the official foreign currency reserve assets for Hong Kong reached US$422.8 billion at the end of September 2024, a slight decrease from US$423.5 billion at the end of August 2024. Notably, there were no unsettled foreign exchange contracts at the end of September, down from US$0.6 billion the previous month. These reserves represent over five times the currency in circulation and approximately 39% of the Hong Kong dollar M3 money supply.
Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/10/20241007-4/
