Published: 09:50, October 1, 2025 | Updated: 11:34, October 1, 2025
Survey: HK remains 4th largest global foreign exchange center
By Xinhua
The Hong Kong skyline is seen this Feb 16, 2025, file photo taken from the Peak. (SHAMIM ASHRAF / CHINA DAILY)

HONG KONG – A survey released on Tuesday by the Bank for International Settlements (BIS) showed that Hong Kong 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.

READ MORE: HK retains spot as freest economy, 3rd-ranking financial center

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.

ALSO READ: HK unveils road map to boost fixed income and currency markets

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