A spokesperson for the Hong Kong Monetary Authority stated that the Hong Kong dollar triggered the "weak side exchange guarantee" of 7.85 Hong Kong dollars to 1 US dollar under the linked exchange rate mechanism during the New York trading session on the morning of the 26th. The Hong Kong Monetary Authority has purchased Hong Kong dollars for the first time since 2023 to maintain the stability of the Hong Kong exchange rate. According to the linked exchange rate system implemented in Hong Kong since 1983, the Hong Kong dollar has a normal floating range against the US dollar: 7.75 (strong side exchange guarantee) to 7.85 (weak side exchange guarantee). If the Hong Kong dollar exchange rate triggers the "Strong Exchange Guarantee", the Hong Kong Monetary Authority will buy US dollars and sell Hong Kong dollars to stabilize the Hong Kong exchange rate at a level not higher than 7.75; If the Hong Kong dollar exchange rate triggers the 'weak side exchange guarantee', reverse operations will be carried out to stabilize the Hong Kong exchange rate at a level not lower than 7.85. The Linked Exchange Rate System aims to ensure the smooth operation of currency and foreign exchange markets. The spokesperson stated that the Hong Kong Monetary Authority sold US dollars and bought a total value of HKD 9.42 billion from the market, and the total balance of the banking system will decrease to HKD 164.098 billion on the 27th. In early May of this year, the Hong Kong dollar exchange rate remained strong, triggering the "Strong Exchange Guarantee" of 7.75 Hong Kong dollars to 1 US dollar four times. The Hong Kong Monetary Authority has repeatedly accepted US dollar sell orders from the market, injecting approximately HKD 129 billion into the market. (New Society)