The Hong Kong Monetary Authority has intervened for the fifth time in three weeks to maintain the Hong Kong dollar's pegged exchange rate system.

The Hong Kong Monetary Authority intervened in the market for the fifth time since the end of June to prevent the weak side of the exchange rate from falling below the official trading range guarantee level against the US dollar. The HKMA bought HK$14.8 billion in local currency on Wednesday, slightly higher than the previous week's intervention amount. Bloomberg's calculation based on official data shows that the HKMA bought approximately HK$72 billion in local currency through its previous four interventions.