Staff Reporter
,
Hong Kong
Even reserve assents went up.
According to the Monetary Authority, Hong Kong’s official foreign currency reserve assets amounted to US$301.7 billion at the end of October, up US$500 million on the end of September.
Including unsettled forward contracts, foreign currency reserve assets at the end of October stood at US$302.4 billion, while it was US$301.2 billion on the end of September.
The figure represents over eight times the currency in circulation or about 54% of Hong Kong dollar M3
Join Hong Kong Business community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!