Hey finance fam! Grab your chai or teh tarik 🧋—we've got hot FX news coming your way!
Hong Kong SAR Ranks 4th in Global Forex Trading 🌍
The Bank for International Settlements (BIS) just released its 2025 Triennial Survey, and guess what? The Hong Kong SAR is still killing it as the world’s fourth-largest foreign exchange center. From April 2022 to April 2025, daily FX turnover jumped 27.2%, skyrocketing from US$694.4 billion to US$883.1 billion.
King of Offshore Renminbi 💴
Hong Kong SAR also holds the crown as the top offshore Renminbi business hub. Renminbi trades jumped 64.8%, surging from US$191.2 billion to US$315.1 billion a day. That’s some serious growth for the RMB!
OTC Interest Rate Derivatives Heating Up 🔥
Beyond FX, over-the-counter (OTC) interest rate derivatives — think peer-to-peer trades without a formal exchange — saw an average daily turnover of US$84.1 billion. The most active players? U.S. dollar, Renminbi and Australian dollar derivatives.
From Delhi to Jakarta, this data shows how Hong Kong SAR's market vibes resonate throughout South and Southeast Asia. Stay tuned, keep hustling, and let's ride these market waves together! 😉
Reference(s):
Hong Kong SAR remains 4th largest global foreign exchange center
cgtn.com
