THE RATE OF INTEREST ON THE OFF-SHORE RENMINBI SPLITS AND FALLS, AND THE HKMA DAILY BUY-BACKS ARE OVER-OPPOSED

ON TUESDAY, CNH HIBOR SHOWED THAT THE MAIN TERM INTEREST RATES WERE RISING AND FALLING, WITH THE OVERNIGHT HIBOR INCREASING BY 8 BASIS POINTS TO 1.42311 PER CENT, UP FROM 22 JULY. IN ADDITION, THE DAY-REPURCHASE AGREEMENT LIQUIDITY OF HK$ 30 BILLION BY THE HONG KONG MONETARY AUTHORITY (HKMA) HAS BEEN TRANSFERRED BY HALF. THE FIRST CYCLE SAW A SMALL RISE TO 1.4203.3 PER CENT, THE SECOND CYCLE TO 1.4360.6 PER CENT AND THE FIRST ONE TO 1.70273 PER CENT。