Hong Kong’s foreign currency reserve assets rose to US$441.2 billion in April from March’s US$437.6 billion, the Monetary Authority announced today.

The reserve assets represent over six times the currency in circulation or about 46% of Hong Kong dollar M3.

Including unsettled foreign exchange contracts, the foreign currency reserve assets at the end of April increased to US$440.7 billion from March’s US$437.6 billion.