Calculated based on the exchange rate on January 3, 2020, 10,000 Hong Kong dollars is approximately equivalent to 8,953.35 yuan.

The Hong Kong dollar is issued in accordance with the linked exchange rate system pegged to the US dollar.

The US dollars held by the Exchange Fund provide support for the stability of Hong Kong dollar banknotes.

According to the evolution of the international monetary system, there are fixed exchange rates and floating exchange rates: 1. Fixed exchange rate.

It refers to the exchange rate that is formulated and announced by the government and can only fluctuate within a certain range.

2. Floating exchange rate.

It refers to the exchange rate determined by market supply and demand.

Its rise and fall are basically free. In principle, a country's currency market has no obligation to maintain the exchange rate level, but it can intervene when necessary.

Extended information: The Hong Kong government changed the Hong Kong dollar to the US dollar after the pound became free-floating in June 1972.

The initial exchange rate was HK$5.65 to US$1.

In February 1973, it was changed to 5.085 Hong Kong dollars per US dollar.

From November 1974, it was changed to free floating.

Until 1983, the crisis of confidence caused by the future of Hong Kong caused the exchange rate of the Hong Kong dollar to drop sharply. In September of the same year, it once fell to 9.6 Hong Kong dollars per US dollar.

Starting from October 17 of the same year, the then Financial Secretary Peng Lizhi announced that the exchange rate of the Hong Kong dollar would be pegged to the U.S. dollar at 7.80 Hong Kong dollars per U.S. dollar, which has been maintained to this day.

It stabilizes the status of the Hong Kong dollar and maintains the price of the Hong Kong dollar.