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.