Hong Kong's foreign currency reserve assets amounted to US$160.3 billion in February, up US$400 million on January, the Monetary Authority says.

Including unsettled forward contracts the city's foreign currency reserve assets stood at US$160.3 billion. The figure represented seven times the currency in circulation or 38% of Hong Kong dollar M3.

Hong Kong is the world's ninth-largest holder of foreign currency reserves based on the latest published figures, after the Mainland, Japan, Russia, India, Taiwan, South Korea, Brazil and Singapore.