Hong Kong's official foreign currency reserve assets has risen for four consecutive months to $207 billion in June, up $1.9 billion on May, the Monetary Authority said on Tuesday.

Including unsettled forward contracts, foreign currency reserve assets stood at $208.2 billion, up $3.1 billion from the end of 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 $207 billion represent over eight times the currency in circulation, or 47% of Hong Kong dollar M3, the official said in a statement.

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