Hong Kong's official foreign currency reserve assets amounted to US$116.1 billion at the end of May, compared to US$114.2 billion the previous month.

The Monetary Authority said Hong Kong is the world's fifth-largest holder of foreign currency reserves, after Japan, the Mainland, Taiwan and South Korea.

The US$116.1 billion represents over seven times the currency in circulation, or about 45% of Hong Kong dollar M3.