Hong Kong’s Latest Foreign Currency Reserve Assets Figures Released

The Hong Kong Monetary Authority (HKMA) reported that Hong Kong’s official foreign currency reserve assets totaled US$425.1 billion at the end of November 2024, up from US$421.3 billion in October. There were no unsettled foreign exchange contracts at either month-end. The reserves amount to 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/2024/12/20241206-5/