Comparison of Deposit Rates between Domestic Banks and Hong Kong Banks!

The four major banks in the universe only offer 1.1-1.5%,

while Hong Kong is basically at 3.5-5%.

Some brothers may ask, why is there such a big gap?

Because the Hong Kong dollar is pegged to the US dollar,

the so-called peg refers to the Hong Kong dollar being linked to the US dollar,

the exchange rate of the Hong Kong dollar remains stable at 7.75-7.85 Hong Kong dollars to 1 US dollar.

This system has been implemented in Hong Kong since October 17, 1983,

and to this day, it remains the cornerstone of Hong Kong's financial and monetary stability.