Core Viewpoint - The Hong Kong dollar has weakened, triggering the weak-side convertibility guarantee at 7.85 per US dollar, leading to the Hong Kong Monetary Authority (HKMA) intervening in the market by selling US dollars and buying Hong Kong dollars [1] Group 1: Currency Intervention - On August 13, after the New York trading session, the HKMA sold 70.65 billion HKD to the market, resulting in a decrease of the banking system's balance to 570.91 billion HKD on August 14 [1] - This marks the 11th time since June that the HKMA has intervened, accumulating a total of 1,165.94 billion HKD, which is approximately 90% of the capital inflow seen in May [1] Group 2: Historical Context - The last time the weak-side convertibility guarantee was triggered was on August 6, when the HKMA absorbed 84.39 billion HKD [1] - In early May, the Hong Kong dollar had triggered the strong-side convertibility guarantee multiple times, with a total inflow of 1,294 billion HKD, indicating a significant shift in the currency's strength over the past two months [1]
港元汇价触及弱方兑换保证 香港金管局在市场买入70.65亿港元
智通财经网·2025-08-13 01:52