USD/HKD Rises To 7.8397/8405; RMB NDF Discount Narrows

The U.S. dollar rose to HK$7.8397/8405, while the dollar against the yuan climbed to 6.7219/7227, according to ETNet. The one-year yuan non-deliverable forward was quoted at 6.5776/5849, narrowing its discount to spot to 1,411 points. ETNet also listed Hong Kong dollar best lending rates, with Bank of China (Hong Kong), Hang Seng and HSBC at 5.0%, and several lenders including Standard Chartered, Bank of Communications and others at 5.25%.