Hong Kong's foreign currency reserve assets rose to US$133.2 billion in December, up US$500 million on November, the Monetary Authority says. This represented over six times the currency in circulation or about 35% of Hong Kong dollar M3.

Including unsettled forward contracts, the amount also stood at US$133.2 billion.

Hong Kong is the world's eighth largest holder of foreign currency reserves, after the Mainland, Japan, Russia, Taiwan, South Korea, India and Singapore.