The interest rate gap between Hong Kong and the US continues to widen. Recently, the Hong Kong exchange rate against the US dollar has continued to decline. Today (12th), it touched the weak-side conversion guarantee of 7.85 yuan, prompting the HKMA to undertake selling orders of 1.586 billion Hong Kong dollars from the market according to the linked exchange rate mechanism. out dollars.
This time, since March 2019, the HKMA has once again undertaken a Hong Kong dollar sell order from the market to defend the Hong Kong dollar.
That year, the HKMA entered the market 8 times a month.
Xuan Huiyi, Chairman of the Association of Banks: The linked exchange rate is effective Hong Kong's economy is expected to resume growth in Q3 Chen Maobo: Stick to the linked exchange rate to crack down on financial activities that violate the National Security Law