Interest rates in Hong Kong have tended to move in lockstep with the United States, keeping the Hong Kong dollar - which trades between 7.75 and 7.85 per U.S. dollar - relatively stable.

The Hong Kong Monetary Authority, the Chinese financial hub’s de-facto central bank, purchased HK$14.8 billion ($1.9 billion) of the local dollar, according to its Bloomberg page on Wednesday, a ...

In order to defend the currency's peg to move within 7.75 and 7.85 per U.S. dollar range, the Hong Kong Monetary Authority injected HK$129.4 billion into the market to purchase $16.7 billion worth ...