Staff Reporter
,
Hong Kong
Photo by Ruslan Bardash on Unsplash
It increased from the US$415.7b record in September.
Hong Kong's foreign currency reserve assets increased to US$416b in August from US$415.7b in September.
According to the Monetary Authority, the reserve assets represent over five times the currency in circulation or about 40% of Hong Kong dollar M3.
“There were no unsettled foreign exchange contracts at end-October and end-September,” added the Monetary Authority.
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!