Hong Kong's foreign currency reserves up in February

HONG KONG - Hong Kong's foreign currency reserve assets rose to $443.5 billion in February from $441.5 billion in January, the Hong Kong Monetary Authority said on Wednesday.

Including unsettled foreign exchange contracts, foreign currency reserve at the end of February increased to $434.9 billion from $433 billion in January.

The total foreign currency reserve assets of $443.5 billion represent over seven times the currency in circulation or about 48 percent of Hong Kong dollar M3.