Hong Kong’s interbank liquidity is severely strained as local banks borrowed a record $707 million, the highest amount in over five years. The Hong Kong Monetary Authority, the city’s de facto central bank, stepped in to offer temporary cash through its discount window. This surge in borrowing comes as demand for Hong Kong equities has increased significantly. The rally has put pressure on the financial system. The city's funding costs have spiked to a near six-week high of 4.07%.

Hong Kong interbank liquidity hits 5-year low

hong-kong-monetary

Hong Kong Monetary, News on Hong Kong Monetary, stories on Hong Kong Monetary, articles on Hong Kong Monetary, Hong Kong Monetary stories at Wion, Hong Kong Monetary news, Hong Kong Monetary latest news

hong kong-monetary

Hong Kong interbank liquidity hits 5-year low