Hong Kong Monetary Authority or HKMA

 Chinese Version

The government authority in Hong Kong with responsibility for maintaining currency and banking stability. The HKMA was established on 1 April 1993 by merging the Office of the Exchange Fund with the Office of the Commissioner of Banking. Its specific functions and objectives are:

  • to maintain currency stability, within the framework of the Linked Exchange Rate system, through sound management of the Exchange Fund, monetary policy operations and other means deemed necessary;


  • to promote the safety and stability of the banking system through the regulation of banking business and the business of taking deposits, and the supervision of authorized institutions; and


  • to enhance the efficiency, integrity and development of the financial system, particularly payment and settlement arrangements.
The Chief Executive of the HKMA is the Monetary Authority appointed by the Financial Secretary, who is advised by the Exchange Fund Advisory Committee on matters relating to the control of the Exchange Fund and on the operation of the HKMA.