Hong Kong’s Latest Foreign Currency Reserve Assets Figures Released

The Hong Kong Monetary Authority (HKMA) announced that Hong Kong’s official foreign currency reserve assets totaled US$421.4 billion at the end of December 2024, a decrease from US$425.1 billion at the end of November 2024, with no unsettled foreign exchange contracts during this period. These reserves represent more than five times the currency in circulation and about 39% of Hong Kong dollar M3. The HKMA also highlighted its commitment to transparency by issuing monthly press releases on Exchange Fund data, with specific releases scheduled throughout January 2025.

Resources: https:/www.hkma.gov.hk/eng/news-and-media/press-releases/2025/01/20250107-5//www.cr.gov.hk/en/publications/docs/ec1-2025-e.pdf