On 10th September, the exchange rate of RMB to USD in Hong Kong rose more than 1% during the end of the Asian trading day raising speculation on whether the China's central bank will take yet another series of intervening measures to stabilize the RMB exchange rate.

Anbound’s research team has earlier pointed out that the People’s Bank of China is facing the challenges from the policy trilemma – the central bank has to choose between maintaining independent monetary policy and stabilizing the exchange rate.

Looking at the information released thus far, the central bank stands firm on its choice to stabilize exchange rate.