Hong Kong Official Currency Reserve Assets at $408 Billion in June 2017
Hong Kong | 7th July 2017
The Hong Kong Monetary Authority (HKMA) announced today (Friday) that the official foreign currency reserve assets of Hong Kong amounted to $408.0 billion as at the end of June 2017 (end-May 2017: $402.7 billion).
” Hong Kong Official Reserve at US$408 Billion “
Including unsettled foreign exchange contracts, the foreign currency reserve assets of Hong Kong at the end of June 2017 amounted to $399.7 billion (end-May 2017: $394.8 billion).
The total foreign currency reserve assets of $408.0 billion represent over seven times the currency in circulation or about 47% of Hong Kong dollar M3.
Official Press Release by Hong Hong Monetary Authority