Hong Kong’s Latest Foreign Currency Reserve Assets Figures Released

The Hong Kong Monetary Authority (HKMA) announced today (7 June) that the official foreign currency reserve assets of Hong Kong amounted to US$421.0 billion as at the end of May 2023 (end-April 2023: US$427.4 billion) (Annex).

There were no unsettled foreign exchange contracts at end-May 2023 (end-April 2023: US$0.8 billion).

The total foreign currency reserve assets of US$421.0 billion represent over five times the currency in circulation or about 40% of Hong Kong dollar M3.

Annex

Hong Kong Monetary Authority
7 June 2023

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At present, four press releases relating to the Exchange Fund’s data are issued by the HKMA each month. Three of these releases are issued to disseminate monetary data in accordance with International Monetary Fund’s Special Data Dissemination Standard (SDDS). The fourth press release, on the Exchange Fund’s Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA’s policy of maintaining a high level of transparency. For the month of June 2023, the scheduled dates for issuing the press releases are as follows: