[Hong Kong Monetary Authority: total foreign exchange reserve assets stood at US $421 billion at the end of May] the Hong Kong Monetary Authority announced today that as of the end of May 2023, Hong Kong's foreign exchange reserve assets totaled US $421 billion, equivalent to more than five times the currency in circulation, or about 40 per cent of the Hong Kong dollar money supply M3. The total foreign exchange reserve assets of Hong Kong at the end of May were US $6.4 billion lower than at the end of April 2023. As at the end of May 2023, there were no unsettled foreign exchange contracts, which stood at US $800 million at the end of April 2023. (reporter Cheng Mengqi)