Hong Kong foreign currency reserves fell US$9.8 billion in September

Hong Kong’s foreign currency reserves fell by US$9.8 billion in September from the month prior, data from the de facto central bank showed.

The official foreign currency reserve assets were US$433.0 billion at the end of last month, representing over five times the currency in circulation or about 35 percent of Hong Kong dollar M3, the Hong Kong Monetary Authority said.

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

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