note-issuing banks

Chinese Version

Banks that issue banknotes that are legal tender. The current note-issuing banks in Hong Kong are The Hongkong and Shanghai Banking Corporation Limited, Standard Chartered Bank (Hong Kong) Limited, and Bank of China (Hong Kong) Limited. In order to issue banknotes in Hong Kong, the note-issuing banks have to place with the Exchange Fund an equivalent amount of US dollars at the rate of US$1 = HK$7.80 in exchange for Certificates of Indebtedness.

See also Legal Tender Notes Issue Ordinance.