[Hong Kong dollar liquidity tightening overnight HIBOR hit a 16-year high] the recent sharp rise in Hong Kong dollar interbank offered rates (HIBOR) has aroused concern, with overnight HIBOR rising 36.8bp to 4.80607% on May 11, reaching a 16-year high since 2007. The continuous rise in Hong Kong dollar interest rates reflects the rising demand for the Hong Kong dollar. Analysts believe that this is related to the weak performance of the Hong Kong dollar caused by the Fed's successive interest rate increases and the Hong Kong Monetary Authority's intervention in the market to buy the Hong Kong dollar. "at present, the rise in HIBOR reflects the recent tightening of Hong Kong dollar liquidity in the Hong Kong market, which has helped to stabilize the exchange rate of the Hong Kong dollar." Zhou Maohua, a macro researcher in the financial markets department of Everbright Bank, said that the Hong Kong dollar has weakened recently, approaching the weak convertibility undertaking, and the Hong Kong Monetary Authority will carry out routine operations to recover Hong Kong dollar liquidity. (Shanghai Securities News)