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Foreign currency reserves up

Hong Kong's foreign currency reserve assets rose to US$423.2 billion in November from October's US$417.2 billion, the Monetary Authority announced today.   The reserve assets represent over five times the currency in circulation or about 42% of Hong Kong dollar M3.   There were no unsettled foreign exchange contracts at the end of November. http://dlvr.it/Sf21yd

Jan exports up 44.6%

The volume of Hong Kong’s total goods exports increased 44.6% year-on-year in January, the Census & Statistics Department announced today.   The volume of goods imports for the month rose 37.2% over January 2020.   Goods exports prices decreased 0.4% year-on-year for the month, while prices of goods imports increased 0.5%.   On a seasonally adjusted basis, the volume of goods exports increased 9.1% in the three-month period ending January compared with the preceding three months, while the volume of goods imports rose 10.3%.
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