Financial News
Written by: Zhang Weilun
2020-06-06 10:29
Last update date: 2020-06-07 11:01A number of Chinese stocks returned to Hong Kong soon, causing funds to continue to flow into Hong Kong. The HKMA three times undertook a US dollar sell order, bought US dollars from the market, and sold nearly 4.9 billion Hong Kong dollars.
As the Hong Kong dollar again touched the 7.75 strong party exchange guarantee, the HKMA undertook the US dollar during New York trading hours and sold a total of 4.883 billion Hong Kong dollars to maintain the linked exchange rate system. Together with undertaking US dollar sell orders in the first two, the HKMA sold a total of 9.735 billion yuan. This led to the next Tuesday (9th) when the balance of Hong Kong's banking system increased to 104.525 billion yuan.
Hong Kong dollar exchange rate linked exchange rate system
