Hong Kong's Foreign Currency Reserves Decline to $422.8 Billion as of September 2024

Hong Kong's latest foreign currency reserve assets figures released

The Hong Kong Monetary Authority (HKMA) announced today (October 7) that the official foreign currency reserve assets of Hong Kong amounted to US$422.8 billion as at the end of September 2024 (end-August 2024: US$423.5 billion) (Annex).

There were no unsettled foreign exchange contracts at end-September 2024 (end-August 2024: US$0.6 billion).

The total foreign currency reserve assets of US$422.8 billion represent over five times the currency in circulation or about 39 per cent of HongKong dollar M3.

Release calendar

The release calendar of foreign currency reserve assets for 2025 is announced below:

Reference Month

Release Date

January 2025

February 7, 2025

February 2025

March 7, 2025

March 2025

April 7, 2025

April 2025

May 8, 2025

May 2025

June 6, 2025

June 2025

July 7, 2025

July 2025

August 7, 2025

August 2025

September 5, 2025

September 2025

October 8, 2025

October 2025

November 7, 2025

November 2025

December 5, 2025

December 2025

January 7, 2026

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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 October 2024, the scheduled dates for issuing the press releases are as follows:

October 7

SDDS International Reserves

(Hong Kong's Latest Foreign Currency Reserve Assets Figures)

October 14

SDDS Analytical Accounts of the Central Bank

(Analytical Accounts of the Exchange Fund)

October31

SDDS Template on International Reserves and

Foreign Currency Liquidity

October31

Exchange Fund Abridged Balance Sheet and

Currency Board Account

LegCo delegation begins duty visit to Japan

The following is issued on behalf of the Legislative Council Secretariat:

The Legislative Council (LegCo) delegation (the delegation), led by the President of LegCo, Mr Andrew Leung, began a four-day duty visit in Japan today (December 21) to strengthen ties with Japan and gain a deeper understanding of the latest situations and opportunities of the country in the areas of trade, culture and tourism, fisheries and agriculture, and food safety.

Upon arrival in Tokyo, the delegation had dinner and exchanged views with representatives of the Hong Kong Economic and Trade Office in Tokyo. Members and the Principal Hong Kong Economic and Trade Representative (Tokyo), Miss Winsome Au, discussed issues such as fostering the bilateral economic and trade relations between Hong Kong and Japan, attracting investment, and promoting Hong Kong tourism. Members also gained insight into the latest developments of Japanese culture, and explored the opportunities for collaboration between Hong Kong and Japan’s cultural industries. Mr Leung expressed gratitude to the Hong Kong Economic and Trade Office in Tokyo for their assistance in facilitating this duty visit.

The delegation will continue their duty visit in Japan tomorrow (December 22).

The delegation is led by Mr Leung. The Deputy delegation leader is the Chairman of the Parliamentary Liaison Subcommittee, Mr Tommy Cheung. Other participating Subcommittee members are Mr Jeffrey Lam, Mr Dominic Lee, Ms Nixie Lam, Ms Joephy Chan, Mr Tang Fei and Mr Yim Kong.

LegCo delegation begins duty visit to Japan Source: HKSAR Government Press Releases