Hongkong financial authority buys a stable exchange rate of HK $3 billion 587 million

Home > Finance

Hongkong financial authority buys a stable exchange rate of HK $3 billion 587 million

2018-04-16 20:25:11 74 ℃

Beijing News News (reporter Di mi) in April 16th, said the Hongkong market to buy Hong Kong dollars to defend the dollar peg, the reporter confirmed from Hongkong financial management bureau. It is reported that the purchase of Hong Kong dollar reached 3 billion 587 million. On 12

4, the Hongkong Monetary Authority issued a statement that the Hong Kong dollar triggered the HKMA's "weak side exchange guarantee" of HK $7.85 against US $1. The HKMA bought a HK $816 million in Hong Kong dollars to the market.

"I reiterated that the HKMA will buy US dollars at the 7.85 level to ensure that the Hong Kong dollar will not be less than 7.8500. This is the design and normal operation of the linked exchange rate system. " Chen Delin, the president of the HKMA, pointed out at that time.

, at the same time, said, "depending on the trend of money, it is possible to trigger 'weak side exchange guarantee' in the future. The HKMA has the capacity to maintain the stability of the Hong Kong dollar exchange rate and to cope with the large-scale flow of funds without concern. "

"although the current exchange rate of Hong Kong dollar is still weak, we believe that the stability foundation of Hong Kong dollar has not been shaken, short - term and fearless for a long time." The ICB international research team points out.

, according to the above analysis, based on abundant foreign exchange reserves and rich experience in handling crisis, Hongkong monetary authority has the ability to stabilize Hong Kong dollar exchange rate expectations and steadily complete the normalization process of interest rate environment.