The Hong Kong dollar exchange rate reached a weak side currency exchange guarantee, the Hong Kong Monetary Authority bought 7.065 billion Hong Kong dollars in the market.

According to the Wise Finance APP, the Hong Kong dollar continues to weaken, triggering the weak-side exchange guarantee level of 7.85 to 1 US dollar once again. The Hong Kong Monetary Authority announced that after the close of trading in New York on August 13, a net outflow of 70.65 billion Hong Kong dollars was recorded. According to the Linked Exchange Rate Mechanism, the Hong Kong Monetary Authority will sell US dollars to the market and buy Hong Kong dollars at the request of banks. As a result, the total balance of the banking system will decrease to 570.91 billion Hong Kong dollars on August 14th.