This photo taken on April 11, 2023 shows the gate to the Hong Kong Monetary Authority in Central, Hong Kong. (CALVIN NG / CHINA DAILY)

HONG KONG - Hong Kong's foreign currency reserve assets rose to $421.6 billion in July from $417.3 billion in June, the Hong Kong Monetary Authority (HKMA) announced on Monday.

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According to the HKMA, there were no unsettled foreign exchange contracts at the end of July. The reserve assets represent over five times the currency in circulation.