HK's foreign currency reserves up in June

Hong Kong's official foreign currency reserve assets rose to 136.3 billion U.S. dollars in June, up 100 million U.S. dollars from May, the Hong Kong Monetary Authority said Monday.

Including unsettled forward contracts, foreign currency reserve assets also stood at 136.3 billion U.S. dollars in June, up 100 million U.S. dollars from May.

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

The total foreign currency reserve assets of 136.3 billion U.S. dollars represent about seven times the currency in circulation or 36 percent of Hong Kong dollar M3.