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Note-issuing Banks

The Government, through the HKMA, has given authorization to three commercial banks, namely The Hongkong and Shanghai Banking Corporation Limited, the Bank of China (Hong Kong) Limited and the Standard Chartered Bank (Hong Kong) Limited, to issue banknotes in Hong Kong. Authorization is accompanied by a set of terms and conditions agreed between the Government and these three note-issuing banks. Banknotes are issued by the note-issuing banks, or redeemed, against payment to, or from, the Exchange Fund in US dollars, at a specified rate of US$1 to HK$7.80 under the Linked Exchange Rate system. Banknotes issued by the note-issuing banks are printed in Hong Kong by Hong Kong Note Printing Limited (HKNPL).


In April 1996, the HKMA acquired the note printing plant at Tai Po, Hong Kong from the De La Rue Group of the UK on behalf of the Government. The plant has been operating under the name of HKNPL since then. The acquisition of the plant enables the Government, through the HKMA, to be directly involved in the production of Hong Kong currency notes, which is in line with the responsibilities conferred upon the Government under the Legal Tender Notes Issue Ordinance and the Basic Law. In March 1997, the Government sold 15 per cent of its shareholding in HKNPL to the China Banknote Printing and Minting Corporation. In October 1997, the Government sold a total of 30 per cent of HKNPL issued shares, at 10 per cent to each of the three note-issuing banks. The Government continues to exercise management control and maintains a majority stake in HKNPL, with the Chief Executive of the HKMA as the Chairman of the company.

Notes in Circulation

Hong Kong dollar notes in everyday circulation are $10, $20, $50, $100, $500 and $1,000. The $20, $50, $100, $500 and $1,000 notes are issued by the three note-issuing banks. There is a $10 paper note issued by the Government since 2002 in recognition of a continuing demand among the public for a note in addition to the coin; and a $10 polymer note since 2007 to assess the performance and acceptability of polymer notes in Hong Kong. The $10 notes issued by two note-issuing banks in the 1990s remain legal tender, but are no longer printed.

The total value of notes in circulation in Hong Kong can be found in the latest Monthly Statistical Bulletin and Annual Report (PDF File, 780KB).

Reproduction of Hong Kong Currency Notes

Reproduction of Hong Kong Coins

Frequently Asked Questions on Applications to the HKMA for the Reproduction of Hong Kong Currency Notes

2003 Series HK$1,000 Counterfeit Notes

Identify Counterfeit Notes

Recent Series of Currency Notes

2010 Banknote Series

2003 Series

Ten Dollar Paper Note

Ten Dollar Polymer Note


See security features for the renminbi on the website of The People’s Bank of China (Chinese Version).
Last revision date: 24 July 2018
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