Government to closely monitor market changes
發佈日期: 2025-05-18 23:55
TVB News
The Hong Kong dollar recently strengthened against the U.S. dollar.
Financial Secretary Paul Chan said authorities will closely monitor market developments and maintain financial stability.
At the beginning of this month, the Hong Kong dollar reached the strong-side convertibility level of 7.75 per U.S. dollar.
Given that the local currency is pegged to a tight band between 7.75 and 7.85 per U.S. dollar under Hong Kong's Linked Exchange Rate System, the Hong Kong Monetary Authority, or HKMA, intervened, buying the U.S. currency and injecting a total of 129 billion Hong Kong dollars into the market.
In his weekly blog post, Financial Secretary Paul Chan noted there had been capital inflows and the Hong Kong Interbank Offered Rate had edged down.
He said capital flows and interest rate are affected by multiple external and internal factors.
He pledged the government will closely monitor market developments and maintain financial stability.
The finance chief also noted the Hang Seng Index has gained about 16 percent since the start of the year with the stock exchange recording an average daily turnover of over 270 billion dollars in April.
He said capital flows across the world showed the market's worries over the risks bought by the U.S. unilateralism and debt.
Chan said China at the same time embraces openness and cooperation which won the hearts of investors in the world.
He added the SAR government is stepping up efforts in pushing for fintech development in a bid to achieve high-quality development.
