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BIS Survey: HK Remains 4th Largest Global Foreign Exchange Center
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The Bank for International Settlements (BIS) published the results of the 2025 Triennial Central Bank Survey of Foreign Exchange and Over-the-counter (OTC) Derivatives Markets Turnover. Hong Kong remained the fourth largest global foreign exchange center and the top global offshore RMB business hub, according to the survey results. The average daily turnover of foreign exchange transactions in Hong Kong increased by 27.2% to US$883.1 billion in April 2025 from US$694.4 billion in April 2022, mainly driven by increases in foreign exchange swaps (+33%), spot transactions (+28.7%) and OTC options (+1.65x). Foreign exchange swap was the most frequently traded instrument, accounting for 64% of the average daily turnover. AASTOCKS Financial News Website: www.aastocks.com |
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