Mainland capital inflows pushed

limit of 7.75, the Hong Kong Monetary Authority (HKMA) is required to automatically sell Hong Kong dollars and buy U.S. dollars to maintain the peg. In May 2025, Mainland capital inflows pushed up demand for the Hong Kong dollar, causing the exchange rate to reach the strong-side level of 7.75. The HKMA triggered the strong-side convertibility guarantee, selling HKD 46.54 billion to buy USD 6 billion, thus increasing the supply of Hong Kong dollars in the market and alleviating the liquidity pressure on the Hong Kong dollar. The direct consequence of this intervention was a sharp decline in Hong Kong dollar interest rates. The one-month HIBOR was still at around 4% at the end of April, but by June 20, it had dropped to 0.52845%. Similarly ดูหนังออนไลน์