What is the Hong Kong Monetary Authority (HKMA)? Hong Kong Monetary Authority (HKMA) Review, Features

The Hong Kong Monetary Authority (HKMA) is the central banking institution of Hong Kong. It was established on April 1, 1993 through the merger of the Exchange Fund Management and the Office of the Commissioner of Banking.

About the Hong Kong Monetary Authority (HKMA)

The HKMA is the institution within the Hong Kong government structure responsible for maintaining the stability of the monetary and banking systems. Its main functions are: to maintain monetary stability within the framework of the linked exchange rate system; to promote the stability and soundness of the financial system, including the banking system; to help consolidate Hong Kong's position as an international financial centre, including maintaining and developing Hong Kong's financial infrastructure and managing the foreign exchange fund.

The main functions of the Hong Kong Monetary Authority (HKMA) are:

• Maintain the stability of the Hong Kong dollar exchange rate.
• To manage the Exchange Fund (Hong Kong's official reserves) through prudent investment strategies.
• To promote the soundness of Hong Kong's banking system.
• Develop Hong Kong’s financial market infrastructure to ensure smooth currency circulation.