Hong Kong's foreign currency reserve assets amounted to US$122.4 billion at the end of November, up US$500 million on the previous month, the Monetary Authority says.
Including unsettled forward contracts, foreign currency reserve assets also rose US$500 million from October to $122.4 billion.
The amount represents more than six times the currency in circulation, or 42% of Hong Kong dollar M3.
Hong Kong ranks as the world's seventh largest holder of foreign currency reserves after Japan, the Mainland, Taiwan, South Korea, Russia and India.
|