Hong Kong Forex Reserves Dip Slightly in December

Hong Kong’s foreign exchange reserves rose to a three-year high of USD 435.6 billion in January 2026, from USD 427.8 billion in December 2025. The reserves remain more than five times the currency in circulation and represent approximately 38% of the Hong Kong dollar M3. At the end of January, there were no unsettled foreign exchange contracts.

Hong Kong’s foreign exchange reserves fell to USD 427.9 billion in December 2025, down from USD 429.4 billion in November, according to the Hong Kong Monetary Authority. The reserves remain more than five times the currency in circulation and represent approximately 38% of the Hong Kong dollar M3. At the end of December, there were no unsettled foreign exchange contracts.

Hong Kong’s foreign exchange reserves increased to USD 429.4 billion in November 2025, up from a revised USD 426.1 billion in October, marking the second consecutive monthly rise, according to the Hong Kong Monetary Authority. The reserves were equivalent to more than five times the currency in circulation and about 38% of the Hong Kong dollar M3. At the end of December, there were no unsettled foreign exchange contracts.