The Hong Kong Monetary Authority is Hong Kong's central banking institution, formed on April 1, 1993 through the merger of the Office of the Exchange Fund and the Office of the Commissioner of Banking, and headquartered in the International Finance Centre in Central. Operating under the Exchange Fund Ordinance, its principal objective is maintaining the stability of the Hong Kong dollar and the wider banking system, which it pursues through a linked exchange rate system tying the currency to the United States dollar rather than through the interest-rate tools of a conventional central bank; the Authority's chief executive reports directly to Hong Kong's Financial Secretary.
Facts
Founding Year Founding Date Headquarters Geography
Country or Jurisdiction ServedPeople's Republic of China 2 Wikidata Q1595286, property P17 (country). Classification
Institution Subtype Connections
Member Of
Hong Kong Monetary Authority is one of the BIS's 63 member central banks and monetary authorities (Membership and shareholding structure table); the BIS has been wholly owned by its member central banks since the 2005 buyback of private shareholders.
Source Wikipedia
In the Other Atlases
- Also in Geography Atlas: China, located there.
Sources
1. Wikipedia: Hong Kong Monetary Authority
Wikimedia FoundationWikipedia lead paragraph (founding date/year)
The Hong Kong Monetary Authority (HKMA) is the central banking institution of Hong Kong. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged.
Wikipedia lead paragraph (founding date/year) [year]
The Hong Kong Monetary Authority (HKMA) is the central banking institution of Hong Kong. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged.
Wikipedia Headquarters section, first sentence
The HKMA is headquartered in Tower 2 of the International Finance Centre. It purchased fourteen floors in Tower 2.
Introduction, institution-subtype
The Hong Kong Monetary Authority is Hong Kong's central banking institution, formed on April 1, 1993 through the merger of the Office of the Exchange Fund and the Office of the Commissioner of Banking, and headquartered in the International Finance Centre in Central.
View the Source 2. Wikidata
Wikimedia Foundation
Wikidata: Hong Kong Monetary Authority
Wikidata Q1595286, class allow-list match (w-wdresolver-0926)View the Source Wikipedia
Wikimedia FoundationMember Of: Bank for International Settlements, Bank for International Settlements, Membership and shareholding structure sectionQuote, Member Of: Bank for International Settlements, Bank for International Settlements, Membership and shareholding structure section
The BIS members are central banks of 63 jurisdictions: 34 in Europe, 16 in Asia, 5 in South America, 3 in North America, 3 in Africa, and 2 in Oceania.
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