The Hong Kong Monetary Authority (HKMA) announced that the official foreign currency reserve assets of Hong Kong amounted to US$421.4 billion as at the end of December 2024, compared to US$425.1 billion at the end of November 2024.There were no unsettled foreign exchange contracts at end-December and end-November 2024. The total foreign currency reserve assets of US$421.4 billion represent over five times the currency in circulation or about 39% of Hong Kong dollar M3.