On 23rd September, Hong Kong Monetary Authority stepped into the currency market and sold HK$4.263 billion in Hong Kong to safeguard the Linked Exchange Rate System (LERS).

The recent influx of funds has caused Hong Kong Monetary Authority to intervene for several times.

Anbound's research team has earlier pointed out that the unrest in global financial market, particularly the continued downward pressure on China’s economy and the devaluation of RMB has significant impact on the Hong Kong’s LERS.

It seems like market is anticipating a stormy outlook.