Hong Kong's official foreign currency reserve assets has risen for five consecutive months to $218.1 billion in July, up $11.6 billion on June, the Monetary Authority said on Friday.

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.

Japan Russia South Korea India