The financial markets of Hong Kong have remained stable despite external uncertainties, including the impact of Covid-19. - AFP
HONG KONG (Xinhua): The aggregate balance in Hong Kong's banking systems hit a nearly three-year high with a strong local currency and a continuous capital influx, reassuring investors about the stability of the global financial center.
The Hong Kong Monetary Authority (HKMA) injected HK$643 million into the market on Tuesday(Aug 25) to ensure the exchange rate of the currency against the greenback stay within a range between 7.75 and 7.85 under the Linked Exchange Rate System.
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