The Hong Kong Monetary Authority has intervened into the forex market once again on Tuesday, selling 2.7 billion Hong Kong dollars, or about 350 million US dollars. Combining the previous four interventions, the monetary authority has now injected a total of 17 billion Hong Kong dollars.
It also predicts that net capital inflows will continue for a while, adding that it will continue to maintain the currency's stability.
Analysts note that if the Hong Kong dollar continues to strengthen, further inflows of hot money may occur.
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