HK's foreign currency reserves grow five months in a row

Including unsettled forward contracts, foreign currency reserve assets stood at $219.8 billion, up $11.6 billion on June.

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

The total foreign currency reserve assets represent nine times the currency in circulation or 48% of Hong Kong dollar M3.

Up to July, Hong Kong has seen five consecutive monthly growth of foreign currency reserves starting from March, 2009.