China News Service, August 4th. According to a report from Hong Kong Wenhui.com, the exchange rate of the Hong Kong dollar against the US dollar once again triggered the 7.85 weak-side conversion guarantee. The Hong Kong Monetary Authority re-entered the market this morning (4th), and undertook 14.161 billion Hong Kong dollars selling orders during the New York session.
The aggregate balance of Hong Kong's banking system will fall to HK$129.293 billion.
Since May 12, the Hong Kong dollar has repeatedly triggered the weak-side convertibility guarantee, and the HKMA has received money 29 times under the linked exchange rate mechanism, with a total of 201.643 billion Hong Kong dollars.