Hong Kong foreign currency reserve assets fell to US$303.5b

No unsettled FX contracts recorded in September.

In a report, the Monetary Authority announced that Hong Kong foreign currency reserve assets amounted to US$303.5 billion at the end of September, down from US$303.9 billion in August.

The total foreign currency reserve assets represent more than seven times the currency in circulation, or about 51% of Hong Kong dollar M3.

There were no unsettled foreign exchange contracts at the end of September.