【Hong Kong Monetary Authority: Currency and financial markets operate in an orderly manner and continue to closely monitor market changes to maintain currency and financial stability】
May 8 (UTC+8), the Hong Kong Monetary Authority responded to the Federal Reserve's interest rate decision, stating that in Hong Kong, the currency and financial markets operate in an orderly manner. The Hong Kong dollar has recently strengthened, mainly driven by demand for Hong Kong dollars related to stock investments and the appreciation of regional currencies against the US dollar, triggering the strong-side convertibility guarantee of 7.75 Hong Kong dollars to 1 US dollar under the linked exchange rate system. The Hong Kong Monetary Authority buys US dollars and sells Hong Kong dollars from the market according to the linked exchange rate system, and the banks' system surplus has also increased accordingly, resulting in increased liquidity of the Hong Kong dollar and a slight decline in interbank rates. It is expected that factors such as the supply and demand of Hong Kong dollar funds and overall liquidity will continue to affect Hong Kong dollar interbank rates, especially for shorter-term rates. The Hong Kong Monetary Authority will continue to closely monitor market changes and maintain currency and financial stability.