Hong Kong's foreign currency reserve assets rose to 133.2 billion U.S. dollars in December, up 500 million U.S. dollars on November, the Monetary Authority said Monday.

This represented over six times the currency in circulation or about 35 percent of Hong Kong dollar M3.

Including unsettled forward contracts, the amount also stood at 133.2 billion U.S. dollars.

Hong Kong is the world's eighth largest holder of foreign currency reserves, after the Chinese mainland, Japan, Russia, Taiwan, South Korea, India and Singapore.

Source: Xinhua