Core Viewpoint - The Hong Kong Monetary Authority (HKMA) has intervened in the currency market to stabilize the Hong Kong dollar, which has triggered the weak-side Convertibility Undertaking at 7.85 against the US dollar [1] Group 1: Currency Intervention - On August 6, the HKMA bought HKD 84.39 billion in the market, marking its fourth intervention within a week to support the local currency [1] - The total amount bought by the HKMA during these four operations reached HKD 223.26 billion, aiming to maintain the exchange rate within the 7.75-7.85 range against the US dollar [1] - The HKMA's actions were prompted by continuous capital outflows from the stock market and persistently low local interest rates [1] Group 2: Market Impact - Following the interventions, the banking system's liquidity is expected to decrease to HKD 640.62 billion by August 8 [1] - The HKMA's previous interventions included buying HKD 64.29 billion on August 5, HKD 35.33 billion on August 1, and HKD 39.25 billion on July 31 [1]
港汇触及弱方兑换保证 香港金管局在市场买入84.39亿港元
智通财经网·2025-08-06 10:42