Answers to the Christmas Quiz 2006

We received 87 correct answers to the Christmas Quiz. We are pleased to announce the first three correct entries as follows:

Fanny Lau
Fion Wan
Joe Tsang

Congratulations to the winners. Each of them received an HKMA fountain pen and other HKMA souvenirs.

Mr Joseph Yam presents souvenir to two of the three winners.

The answers to the Christmas Quiz are:

1. Founded in 1930, this organisation aims to foster international monetary and financial co-operation and serves as a bank for central banks.  The HKMA joined this organisation in 1996.  In July 1998, this organisation opened its first representative office for Asia and the Pacific in Hong Kong.

   Answer: Bank for International Settlements (BIS)

2. This organisation was formed by the G-7 countries in 1999 to assess issues affecting the global financial system, and to identify and oversee the action needed to address these issues.  The HKMA attends the regular and special meetings of this organisation to review the implementation of the policy recommendations as well as to exchange views on potential vulnerabilities in the global financial system.

   Answer: Financial Stability Forum (FSF)

3. This body serves as a forum of central banks and monetary authorities in the region and was established in 1991 for the purposes of strengthening co-operation among its members.  The HKMA participates in all three working groups under this organisation as a member.

   Answer: Executives’ Meeting of East Asia-Pacific Central Banks (EMEAP)

4. Founded in 1944, this organisation is the world’s largest source of development assistance to help developing countries on to a path of stable, sustainable, and equitable growth.  The HKMA is responsible for co-ordinating matters relating to the participation of Hong Kong in this organisation.  In September 2000, the International Finance Corporation and the International Bank for Reconstruction and Development under this organisation established a joint regional office in Hong Kong.

   Answer: World Bank Group (WBG)
   

5. This organisation is one of the four standing committees under the Bank for International Settlements.  The HKMA has regularly been invited to participate in its meetings.

   Answer: Committee on the Global Financial System (CGFS)

6. Established in 1989, the goal of this organisation is to advance economic dynamism and a sense of community in the region.  Hong Kong is a member of this organisation and HKMA representatives attend the meetings for finance and central bank officials.

   Answer: Asia-Pacific Economic Co-operation (APEC)

7. This is an international organisation established in 1946.  The HKMA is responsible for co-ordinating matters relating to the participation of Hong Kong in this organisation.  In September 2000, the Sub-Office of this organisation’s Resident Representative Office in Beijing commenced operation in Hong Kong.

   Answer: International Monetary Fund (IMF)