An employee counting HK$1,000 banknotes at the Hang Seng Bank headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg An employee counting HK$1,000 banknotes at the Hang Seng Bank headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg
An employee counting HK$1,000 banknotes at the Hang Seng Bank headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg

Hong Kong intervened six times in past week to rein in dollar as widening interest rate gap and return of IPOs draw hot money

  • The aggregate balance in Hong Kong rose by nearly 57 per cent to HK$84.71 billion, according to data by the Hong Kong Monetary Authority
  • Total deposits rose 0.2 per cent to HK$13.77 trillion (US$1.77 trillion) in March, compared with a 0.1 per cent decline in February, according to the HKMA’s monthly data

Topic |   Hong Kong Monetary Authority (HKMA)
An employee counting HK$1,000 banknotes at the Hang Seng Bank headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg An employee counting HK$1,000 banknotes at the Hang Seng Bank headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg
An employee counting HK$1,000 banknotes at the Hang Seng Bank headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg
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