(RTTNews) - Tuesday, the Hong Kong Monetary Authority announced that the official foreign currency reserve assets stood at HK$ 207 billion in June, up from US$ 205.1 billion in May.

The foreign currency reserves including unsettled forward contracts amounted to US$ 208.2 billion in June, larger than the US$ 205.1 billion in the previous month.

The total forex reserves represent over eight times the currency in circulation or about 47% of Hong Kong dollar M3, the agency said.

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