Hong Kong's foreign exchange reserves have once again reached a strong level, with the Hong Kong Monetary Authority subsequently selling $7.812 billion.

06/05/2025

The Hong Kong dollar reached 7.75 against the US dollar again on Tuesday morning, hitting a strong exchange rate guarantee level.

Recently, the Hong Kong dollar has maintained its strength, with the exchange rate against the US dollar rising again to 7.75 on Tuesday morning, reaching a strong level of exchange guarantee. According to data from the Hong Kong Monetary Authority, after the US stock market closed, there was another $7.812 billion in selling orders, injecting $60.543 billion Hong Kong dollars into the market. Since last Friday, after the US stock market closed, the Hong Kong Monetary Authority has started accepting US dollar selling orders, injecting $46.539 billion Hong Kong dollars into the market. Together with the $9.532 billion Hong Kong dollars injected during yesterday's Asian trading session, a total of $116.614 billion has been injected for the third time. By Wednesday (May 7th), the total surplus in the Hong Kong banking system is expected to increase to $161.384 billion Hong Kong dollars.

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Hong Kong interbank rates all fell, with overnight rates sharply dropping to 3.4139%, reaching a two-week low.

Tariff clouds shroud growth prospects, Bank of England may be forced to accelerate interest rate cuts.

Hong Kong Retail Management Association: Overall sales in Hong Kong retail industry increased during the Golden Week, but the industry is still facing difficulties.

Hong Kong interbank rates all fell, with overnight rates sharply dropping to 3.4139%, reaching a two-week low.