The Hong Kong Monetary Authority ( Eng. Hong Kong Monetary Authority , China 金融 管理局 ) is a public institution of the Hong Kong Special Administrative Region that performs certain functions of the central bank (more precisely, the currency board ).
| Hong Kong Monetary Authority | |
|---|---|
| Location |  Hong Kong |
| Founding date | April 1, 1993 |
| President (chairman) | Norman TL Chan |
| Currency | Hong kong dollar |
| Web site | www.hkma.gov.hk |
Functions
Hong Kong Monetary Authority was established on April 1, 1993.
Management Functions:
- maintaining currency stability within the exchange rate system;
- promoting stability and integrity of the financial system, including the banking system;
- assistance in maintaining the status of Hong Kong as an international financial center, including support and development of the financial infrastructure of Hong Kong;
- currency fund management.
Management does not have the right to issue Hong Kong dollars, but controls the issuance of banknotes in dollars, carried out by three banks: The Hongkong and Shanghai Banking Corporation Limited , Standard Chartered Bank (Hong Kong) Limited and Bank of China (Hong Kong) Limited . Hong Kong dollar coins and $ 10 banknotes are issued by the Government of Hong Kong.
Links
- hkma.gov.hk (Eng.) - The official website of the Hong Kong Monetary Authority (whale.)
- Institutes of monetary circulation of China and financial and economic indicators of their activities