Hong Kong SAR remains 4th largest global foreign exchange center: survey

A survey released Tuesday by the Bank for International Settlements (BIS) showed that south China's Hong Kong Special Administrative Region remained the fourth largest global foreign exchange center and the top global offshore Renminbi business hub.

The BIS published the results of the 2025 Triennial Central Bank Survey of Foreign Exchange and Over-the-counter (OTC) Derivatives Markets Turnover.

According to the survey results, the average daily turnover of foreign exchange transactions in Hong Kong increased by 27.2 percent to $883.1 billion in April 2025 from $694.4 billion in April 2022.

Hong Kong retained the top spot as the largest offshore Renminbi foreign exchange and OTC interest rate derivatives center. The average daily turnover of Renminbi foreign exchange transactions grew by 64.8 percent to $315.1 billion in April 2025 from $191.2 billion in April 2022.

As regards OTC interest rate derivatives, the average daily turnover in Hong Kong was $84.1 billion in April 2025, with U.S. dollar, Renminbi and Australian dollar OTC interest rate derivatives being the most actively traded in the Hong Kong market.