Hong Kong's official foreign currency reserve assets, including unsettled forward contracts, stood at US$132.7 billion at the end of November, up $1.5 billion on the same period last year, the Monetary Authority says.

The city is the world's seventh largest holder of foreign currency reserves, after Mainland China, Japan, Russia, Taiwan, Korea and India.

The total foreign currency reserve assets represents about seven times the currency in circulation or 39% of Hong Kong dollar M3.