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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

HK sees 672 COVID-19 cases

The Centre for Health Protection today said it is investigating 672 additional COVID-19 cases, of which 291 were directly identified through nucleic acid tests and 381 via rapid antigen tests which were verified.   Among the new cases, 59 are imported while the rest are locally infected.   The centre also received 106 reports of positive cases from 93 schools, involving 84 students and 22 staff.   Meanwhile, the Government made a restriction-testing declaration to cover Hung Chak House of Hung Fuk Court in Aberdeen. People in the restricted area are required to undergo compulsory testing before the specified deadline.   As there were positive sewage test results with relatively high viral loads in several areas of Central & Western, Tuen Mun and Tai Po districts, respective district offices will distribute COVID-19 rapid test kits to relevant residents as well as cleaning workers and property management staff working there.   For information and health advice on COVID-19, visit the Government’s dedicated webpage.
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124 COVID-19 cases reported

The Centre for Health Protection today said it is investigating 124 additional COVID-19 cases. More cases were detected in Kwai Chung Estate. There are also more than 70 preliminary positive cases.   Among the newly reported cases, 33 are related to Kwai Chung Estate, bringing the total number of positive and preliminary positive cases in the estate to 276.   One more positive case was found after an earlier confirmed case occurred at Glory Court, Tsuen Wan Garden, both of them live in units 5 but on two different floors. The centre has co-ordinated with related government departments and conducted an inspection today.    It was preliminarily considered that vertical transmission of virus via pipes is involved.   The centre will issue quarantine orders to residents of unit 5 on all floors of the building who resided there during the incubation period of the relevant cases and transfer them to a quarantine facility.   As it is possible that virus might be ejected from the open