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Hong Kong's official foreign-currency reserve assets amounted to US$121.9 billion at the end of July, a drop of US$100 million compared with the previous month, the Hong Kong Monetary Authority says.
Including unsettled forward contracts, the foreign-currency reserve assets at the end of July also fell US$100 million, to stand at US$121.9 billion.
In terms of foreign-currency reserves' ranking, Hong Kong is the world's seventh-largest holder of foreign currency reserves, after Japan, Mainland China, Taiwan, Korea, Russia and India.
The total foreign-currency reserve assets of US$121.9 billion represent more than six times the currency in circulation or about 43% of Hong Kong dollar M3.
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