Core Viewpoint - The Hong Kong Monetary Authority (HKMA) has activated the "weak side convertibility guarantee" at a rate of 7.85, indicating increased pressure on the Hong Kong dollar and the need for intervention in the currency market [1] Group 1: Currency Intervention - On August 14, after the New York trading session, the HKMA sold 3.376 billion HKD to the market, buying USD in return [1] - The last instance of triggering the 7.85 weak side convertibility guarantee occurred on August 13, where the HKMA absorbed 7.065 billion HKD [1] - Since June, the HKMA has intervened 12 times, absorbing a total of 119.97 billion HKD, which is equivalent to 92.7% of the hot money inflow in May [1] Group 2: Market Impact - The bank system's aggregate balance will decrease to 53.716 billion HKD on August 15 due to these interventions [1]
港汇触发弱方保证 香港金管局再买入33.76亿港元
Zhi Tong Cai Jing·2025-08-13 23:20