Hong Kong's foreign currency reserve assets rocket to US$304.8b

A slight increase from January's US$304.7b.

Hong Kong's official foreign currency reserve assets stood at US$304.8 billion in February, the Monetary Authority announced today.

Including unsettled forward contracts, the foreign currency reserve assets at the end of February stood at US$304.8 billion, compared to US$304.7 billion at the end of January.

The figure represents about seven times the currency in circulation, or 50% of Hong Kong dollar M3.