The Hong Kong Monetary Authority has been in the market again buying HKD. No, not the stock, see this:

The HKMA have been buying HK dollars to prop it up against the USD. The USD/HKD trades in a band set by the HKMA. The HKD is running along the weak limit of the band. I posted this yesterday, but still relevant:

hkdusd 02 August 2022