Hong Kong's official foreign currency reserve assets rose to US$207 billion in June, up US$1.9 billion on May, the Monetary Authority says.

Including unsettled forward contracts, foreign currency reserve assets stood at US$208.2 billion, up US$3.1 billion on May.

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

The total foreign currency reserve assets of US$207 billion represent over eight times the currency in circulation, or 47% of Hong Kong dollar M3.