The Currency Board Sub-Committee

The Currency Board Sub-Committee monitors and reports on the Currency Board arrangements that underpin Hong Kong's Linked Exchange Rate System. It is responsible, among other things, for ensuring that Currency Board operations are in accordance with established policy, recommending improvements to the Currency Board system, and ensuring a high degree of transparency in the operation of the system. Records of the Sub-Committee's meetings and the reports on Currency Board operations submitted to the Sub-Committee are published regularly.

Chairman

Members

Secretary

Terms of Reference

To ensure that the operation of the Currency Board arrangements in Hong Kong is in accordance with the policies determined by the Financial Secretary in consultation with the Exchange Fund Advisory Committee (EFAC).
To report to the Financial Secretary through EFAC on the operation of the Currency Board arrangements in Hong Kong.
To recommend, where appropriate, to the Financial Secretary through EFAC, measures to enhance the robustness and effectiveness of the Currency Board arrangements in Hong Kong.
To ensure a high degree of transparency in the operation of the Currency Board arrangements in Hong Kong through the publication of relevant information on the operation of such arrangements.
To promote a better understanding of the Currency Board arrangements in Hong Kong.

Last revision date : 27 February 2024