Hong Kong's foreign currency reserve assets fell to US$303.8b

It represents 51% of HK dollar M3.

In a report, the Monetary Authority announced that Hong Kong’s foreign currency reserve assets amounted to US$303.8 billion at the end of March, compared to US$304.8 billion at the end of February.

Including unsettled forward contracts, the figures were the same, with the new amount representing over seven times the currency in circulation, or 51% of Hong Kong dollar M3.