Hong Kong’s one-month interest rate is almost 2%

Before the resurrection, the long holiday is approaching, and with the new fund raising, the market liquidity is slightly tightened, and the Hong Kong interest rate has risen again. The overnight Hong Kong dollar interest rate has risen to 1.81%, which is again related to the monthly interest rate of the building. Straight to 2%.

Li Ruofan, an economist at Huaqiao Yongheng Bank, said that on the first day of Shenwan Hongyuan (6806), he accepted the new shares subscription, raising more than HK$9 billion, or freezing the market’s certain liquidity, which brought short-term support for the Hong Kong dollar exchange rate and interest rate.

Li Ruofan continued, as the bank’s summary balance is still more than 50 billion Hong Kong dollars, and the Hong Kong stock market may not have large-scale new stock fund raising activities in the short-term, and the risk of capital outflow is low. There is limited room for the Hong Kong dollar interest rate to rise. In other words, the Hong Kong-US interest rate may maintain a certain gap. Arbitrage trading may become more active and it is expected that the HKMA will not be allowed to intervene again in the next few months.

Mainland foreign exchange holdings fell for 8 months

In addition, the PBOC announced that the foreign exchange holdings in the Mainland fell for 8 months, and the foreign exchange holdings in March decreased by 459 million yuan to 21.3 trillion yuan. The recent exchange rate of the RMB has been stable at around 6.7 per dollar.

The PBOC regular meeting mentioned that the economic growth of the Mainland remains resilient and the growth momentum is accelerating. The RMB exchange rate is generally stable, the financial market is expected to improve, and the external shock capacity is strengthened. However, there are still some deep-seated problems and contradictions. The international economic and financial situation is complicated and uncertain. The PBOC adheres to countercyclical adjustment and further strengthens the currency. Coordination between finance and other policies, timely pre-adjustment and fine-tuning, and prevention of risks on the basis of steady growth.