Alvin Lang
Sep 30, 2025 15:24
The 2025 BIS Triennial Survey reveals Hong Kong’s rise as a serious participant in world foreign exchange and OTC derivatives markets, with notable will increase in each day turnover.
The Financial institution for Worldwide Settlements (BIS) has launched its 2025 Triennial Central Financial institution Survey, highlighting vital progress in Hong Kong’s international trade and over-the-counter (OTC) derivatives markets. This biennial survey, revealed on September 30, 2025, positions Hong Kong because the fourth-largest world international trade middle, whereas sustaining its standing because the main world offshore Renminbi enterprise hub, in response to the Hong Kong Financial Authority.
Enhance in Foreign exchange Market Exercise
The survey outcomes point out a exceptional 27.2% enhance in Hong Kong’s common each day turnover of international trade transactions, reaching US$883.1 billion in April 2025 from US$694.4 billion in April 2022. This progress was largely pushed by an increase in international trade swaps, which surged by 33.0% or US$139.8 billion. Spot transactions and OTC choices additionally skilled substantial progress, rising by 28.7% and 165.4%, respectively. International trade swaps emerged as essentially the most traded instrument, making up 64% of the overall common each day turnover, equal to US$563.7 billion.
Dominance in Renminbi Transactions
Hong Kong continues to excel as the most important offshore Renminbi international trade and OTC rate of interest derivatives middle. The typical each day turnover of Renminbi international trade transactions rose impressively by 64.8%, reaching US$315.1 billion in April 2025, in comparison with US$191.2 billion in April 2022. Equally, Renminbi OTC rate of interest derivatives transactions noticed a 67.1% enhance, amounting to US$24.5 billion in April 2025, up from US$14.7 billion in April 2022.
OTC Curiosity Charge Derivatives Progress
The typical each day turnover of OTC rate of interest derivatives in Hong Kong reached US$84.1 billion in April 2025. The market noticed vital exercise in US greenback, Renminbi, and Australian greenback OTC rate of interest derivatives, marking them as essentially the most actively traded within the area.
The detailed findings from Hong Kong’s survey shall be additional elaborated within the December problem of the HKMA Quarterly Bulletin.
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