Hong Kong's official foreign-currency reserve assets amounted to US$114.1 billion at the end of last month, the Hong Kong Monetary Authority says - up from October's $112.4 billion.

Including unsettled forward contracts, the foreign-currency reserve assets at the end of November also stood at US$114.1 billion. At the end of October, the sum was US$112.4 billion.

The total foreign-currency reserve assets represent about seven times the currency in circulation, or 41% of Hong Kong dollar M3.

Hong Kong is the world's fifth-largest holder of foreign currency reserves, after Japan, the Mainland, Taiwan and Korea.