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The Hong Kong Treasury Markets Association's semiannual FX survey shows average daily FX turnover in Hong Kong was $908.2 bln in April 2026. USD/CNH averaged $274.0 bln/day (30.2% of turnover), overtaking USD/HKD at $240.2 bln (26.4%). Offshore RMB a

2026-08-13

The Hong Kong Treasury Markets Association's semiannual FX survey shows average daily FX turnover in Hong Kong was $908.2 bln in April 2026. USD/CNH averaged $274.0 bln/day (30.2% of turnover), overtaking USD/HKD at $240.2 bln (26.4%). Offshore RMB accounted for $259.2 bln of USD/CNH volume and was the main driver. The shift highlights Hong Kong's continued role as an offshore RMB hub.

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2026-08-12

Foreign Ministry spokesperson Guo Jiakun said the US-led joint statement at the Aug. 11 Geneva disarmament talks—criticizing a recent Pacific missile launch for not following prior-notification norms and invoking the Hague Code of Conduct against Bal

Foreign Ministry spokesperson Guo Jiakun said the US-led joint statement at the Aug. 11 Geneva disarmament talks—criticizing a recent Pacific missile launch for not following prior-notification norms and invoking the Hague Code of Conduct against Ballistic Missile Proliferation—was a political insinuation aimed at China. Guo called the move hypocritical and indicative of double standards, urged those states to stop abusing multilateral arms-control mechanisms, and said they should replace confrontation with sincere dialogue to create conditions for arms-control exchanges.
2026-08-13

President Trump said White House press secretary Leavitt will leave at the end of the month.

President Trump said White House press secretary Leavitt will leave at the end of the month.
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