Hong Kong Special Administrative Region (SAR) has reinforced its position as a financial powerhouse, ranking as the world's fourth-largest foreign exchange center and maintaining its dominance in offshore Renminbi (RMB) transactions, according to new data from the Bank for International Settlements (BIS).
The 2025 Triennial Central Bank Survey reveals Hong Kong's average daily forex turnover surged 27.2% to $883.1 billion in April 2025 compared to 2022 figures. This growth outpaces many global counterparts, cementing the city's role as Asia's premier financial gateway.
RMB transactions saw particularly explosive growth, with daily turnover jumping 64.8% to $315.1 billion – equivalent to moving China's entire foreign exchange reserves every eight trading days. The SAR also led in over-the-counter (OTC) interest rate derivatives, recording $84.1 billion in daily turnover dominated by USD, RMB, and Australian dollar instruments.
Analysts suggest these figures underscore Hong Kong's strategic value as Beijing accelerates RMB internationalization. For investors, the data signals robust liquidity in Asian markets, while diaspora communities see confirmation of the region's enduring global financial relevance.
