Market Makers for Exchange Fund Bills and
Financial institutions appointed by the HKMA to promote the liquidity of the Exchange Fund Bills and Notes in the
secondary market (professional market). Market makers undertake to quote two-way prices on
request during normal trading hours of Exchange Fund
paper (between 9:00 a.m. to 12:00 noon and 2:00 p.m. to 4:00 p.m. Monday to Friday). The
rights and obligations of market makers are stated in the Information Memoranda of Exchange
Fund Bills Programme and Exchange Fund Notes Programme.
See also Recognised Dealers for
Exchange Fund Bills and Notes.