Hong Kong foreign reserves stable at US$445.9 billion
HKMA reported official foreign currency reserve assets of US$445.9 billion at end-June 2026, unchanged from end-May, with no unsettled FX contracts.
Reserves represent over five times currency in circulation and about 38% of HKD M3, indicating continued robust backing for the Linked Exchange Rate System. Stability supports confidence in HKD convertibility and cross-border settlement.
Reserve adequacy underpins HKD peg credibility and informs FX and liquidity risk assumptions for HK-exposed institutions.
Action Required
Note stable reserve backing for HKD peg in liquidity and FX stress scenarios; no action required beyond monitoring.
Reserve data is a standing input to sovereign, FX peg, and liquidity risk assessments.
Retain current HKD peg stability assumptions in FX and liquidity risk models; monitor monthly reserve trend for deviations.
“The HKMA announced that official foreign currency reserve assets of Hong Kong amounted to US$445.9 billion as at end June 2026 (end-May 2026: US$445.9 billion). The total represents over five times the currency in circulation or about 38% of Hong Kong dollar M3.”
Published: 2026-07-07