Hong Kong Monetary Authority triggers 7.85 weak side exchange rate guarantee, buys 39.25 billion Hong Kong dollars.

According to the Smart Financial News APP, the Hong Kong Monetary Authority announced the trigger of the 7.85 "weak-side swap guarantee". In the early morning of July 31st, it purchased 39.25 billion Hong Kong dollars. According to the linked exchange rate mechanism, the Hong Kong Monetary Authority sold US dollars to the market and bought Hong Kong dollars as required by banks. The total balance of the banking system will decrease to 825.52 billion Hong Kong dollars on August 1st. The last time the Hong Kong dollar triggered the 7.85 weak-side swap guarantee was on the morning of July 16th, receiving 14.829 billion Hong Kong dollars. Since June, the Hong Kong Monetary Authority has accepted Hong Kong dollar selling positions 7 times, accumulating 91.108 billion Hong Kong dollars, which is equivalent to 70% of the hot money inflow in May.