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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

CE mourns Gerard Brennan

Chief Executive Carrie Lam today expressed deep sorrow over the passing of former non-permanent judge of the Court of Final Appeal Gerard Brennan.   Mr Brennan was a non-permanent judge of the Court of Final Appeal from 2000 to 2012. With his great experience, he guided the Court of Final Appeal in handling many complicated cases and made significant contributions to the Judiciary.   He was awarded the Gold Bauhinia Star in 2013.   Mrs Lam said she was saddened by Mr Brennan's passing and extended her deepest condolences to his family on behalf of the Government.
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