Track the price, liquidity and institutional channels linking the renminbi to Hong Kong’s dollar system — without reducing the relationship to a simple FX quote.
Domestic monetary conditions and the renminbi price signal enter Hong Kong through a separate legal and market infrastructure.
The Linked Exchange Rate System anchors HKD to USD while Hong Kong simultaneously hosts the world’s core offshore RMB infrastructure.
Fixed-income market access connecting international investors and Mainland China through Hong Kong infrastructure.
Cross-border access to onshore CNY interest-rate swaps, linking CFETS, SHCH and OTC Clear.
HKMA liquidity arrangements supporting intraday and overnight offshore RMB funding conditions.
The USD anchor that defines Hong Kong’s monetary boundary while the city intermediates RMB capital flows.
The BondStats Bridge Pressure Index combines HKD peg position, HIBOR, Aggregate Balance, RMB liquidity-facility usage and RMB/HKD momentum. It is a proprietary monitoring composite intended to identify tightening or dislocation across the bridge; it is not an official HKMA, PBOC or HKEX indicator.