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Hong Kong Monetary Authority

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31: 1855: 142: 1048: 3373: 3363: 2160: 1056: 1433: 960:. The second factor is the scarce political clout of the trade unions, which makes it easier to trim the nominal salaries during recessionary times. Moreover, the high saving rates and the moral stigma attached to bankruptcy have kept relatively low the level of defaults on mortgages even during the deep recessions after the 956:: this means that any macroeconomic adjustment has to be achieved by changes in the prices of assets and labour. In Hong Kong, this is made easier by two factors: the first is the openness of the economy, with an aggregate demand heavily dependent on international trading partners; this reduces the risk of classic 1097:
million in 2001. An exhibition area currently containing an exhibit of Hong Kong's monetary history, along with a library of the Hong Kong Monetary Authority Information Centre, occupy the 55th floor. The 88th floor of the tower contains the office of the chief executive of the HKMA, and is served by
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The exchange fund was established and managed originally by the Currency Ordinance in 1935, now named the Exchange Fund Ordinance. Under the Ordinance, the HKMA's primary objective is to ensure the stability of the Hong Kong currency and the banking system. It is also responsible for promoting the
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million. Yam hoped that hosting the event would cement Hong Kong's status as an international financial centre. He added, "The presence of the world's leading finance ministers, central bank governors and top commercial bankers in Hong Kong so soon after the change of sovereignty will help boost
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criticised the government for becoming "a player, a very key player" instead of being a regulator. Conversely, one speculator said in hindsight that the government's intervention "raised public confidence in the market when it was near total collapse" and "prevented a bigger crisis and saved the
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The Central Moneymarkets Unit (CMU), established in the 1990, provides computerised clearing and settlement facilities for Exchange Fund Bills and Notes. It extended the service to other Hong Kong dollar debt securities in late 1993. A seamless interface allow the co-existence of the CMU and the
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The Interest Rate Adjustment Mechanism is an automatic system that maintains the stability of the Hong Kong dollar exchange rate. Lately the HKMA has been disclosing the forecast change in the Aggregate Balance attributes to increase the transparency of the Currency Board operation.
888:) was implemented in the 1980s. Institutions are also managed differently depending on whether they are categorised as licensed banks, restricted license banks or deposit-taking institutions. Overseas banks may also establish local representative offices in Hong Kong. 2381: 2738: 2346: 1692: 1823: 1761: 1667: 1621: 1584: 1560: 1535: 1645: 2466: 1702: 3286: 2763: 3770: 1820: 1765: 1677: 1642: 1618: 1581: 1556: 1531: 3409: 2658: 1461: 2401: 2768: 3854: 3166: 3765: 2865: 2708: 2703: 2553: 1044:. This reduced the portfolio of Hong Kong equities to 5.3% of the reserves in 2003. However, the percentage crept back and had risen above 10% by 2006. 912:
and noticeable features such as the Aggregate Balance, Certificates of Indebtedness and coins issued and the Outstanding Exchange Fund Bills and Notes.
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only in the denomination of ten Hong Kong dollars. The role of issuing other banknotes is delegated to the note-issuing banks in the territory, namely
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Since 1995, the HKMA has entered into a stability pact with central banks in Malaysia, Thailand, Indonesia and Australia to engage in
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billion) by Beijing, which would not be able to bear the subrogation of Hong Kong's monetary policy to the United States.
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market". Most stocks acquired during that operation were successively disposed with the creation of a tracker fund, the
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The chief executive is supported by a number of deputy chief executives, shown below in order of appointment.
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shares in a two-week market intervention, beginning 12 August 1998 with the aim of punishing and deterring
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In August 1998, as part of its wider remit to protect the currency, the HKMA lent the Thai government
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Banking stability mainly depends on the banking system and supervision. A three-tier banking system (
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and the Office of the Commissioner of Banking merged. The organisation reports directly to the
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licenses in Hong Kong; these banks were not required to have physical branches in the city.
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Tong, Sebastian (7 April 2003). "HKMC 'to pay $ 90m' for lease at Two IFC". The Standard.
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mistakenly predicted the Hong Kong dollar's demise within two years of the
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futures. The government controversially used the exchange fund to acquire
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of Hong Kong and the banking system are important underpinnings of the
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Government power over Exchange Fund's stability role under review
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efficiency, integrity and development of the financial system.
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The Chief Executive is appointed for a five-year term by the
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Deputy Chief Executive of the Hong Kong Monetary Authority
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International Centre for Settlement of Investment Disputes
861:(RTGS) inter-bank payment system. This enables end-of-day 3171: 1668:"Chan defends 'special action' to prevent currency chaos" 1403: 527: 513: 499: 485: 349: 335: 321: 307: 293: 1462:
List of financial regulatory authorities by jurisdiction
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Director of the Office of the Hong Kong Chief Executive
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International Bank for Reconstruction and Development
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Sales of First-hand Residential Properties Authority
1428: 1110:, and is continuously renewable with no term limit. 1717:"Tracker Fund of Hong Kong (TraHK) Tap Issue Limit" 891:In 2019, the HKMA began issuing the first batch of 872:In 2018, HKMA developed the infrastructure for the 3052:Agriculture, Fisheries and Conservation Department 1414:international and local confidence in Hong Kong". 3841: 2654:Economic Analysis and Business Facilitation Unit 1526: 1524: 3167:Guangzhou–Shenzhen–Hong Kong Express Rail Link 654:, which provide liquidity on a two-way basis. 3855:Financial regulatory authorities of Hong Kong 3819:Central banks and currencies of the Caribbean 3624: 3601: * Includes previous Colonial Treasurers 3403: 3266:Hang Seng China-Affiliated Corporations Index 3001:Hong Kong Export Credit Insurance Corporation 2859: 2142: 1876: 1666:Wong, Michael; Teresa, Lee (16 August 1998). 1521: 837: 616:The Hongkong and Shanghai Banking Corporation 376: 167: 3829:Central banks and currencies of the Americas 3814:Central banks and currencies of Asia-Pacific 1191:Director of the Office of the Exchange Fund 1086:The HKMA is headquartered in Tower 2 of the 1693:"Soros manager regrets attack on HK dollar" 1419:Global Financial Leaders' Investment Summit 1113: 944:As with any monetary system not based on a 876:and launched it in September of that year. 3631: 3617: 3410: 3396: 3032:Financial Services and the Treasury Bureau 2866: 2852: 2729:Policy Innovation and Co-ordination Office 2149: 2135: 2108:Mercantile Bank of India, London and China 1883: 1869: 1853: 1665: 1643:We will hold on to blue-chip shares: Tsang 1332: 844: 830: 140: 29: 2704:Independent Commission Against Corruption 3786:Multilateral Investment Guarantee Agency 3027:Commerce and Economic Development Bureau 2996:Agriculture and aquaculture in Hong Kong 2873: 2769:West Kowloon Cultural District Authority 2734:Science and Technology Parks Corporation 1054: 1046: 903: 582: 309:hoeng1 gong2 gam1 jung4 gun2 lei5 guk6-2 256:Hsiang1-kang3 chin1-jung2 kuan3-li3-chü2 196:hoeng1 gong2 gam1 jung4 gun2 lei5 guk6-2 35:Logo of the Hong Kong Monetary Authority 2302:Agriculture, Fisheries and Conservation 1762:"SHKP net profit tipped to drop 24.6pc" 1070:billion from the fund as part of a $ 17 919:In 1995, Nobel Prize–winning economist 353:[hœ́ːŋkɔ̌ːŋkɐ́mjȍŋkǔːnle̬ikǒk̚] 3842: 3824:Central banks and currencies of Europe 3809:Central banks and currencies of Africa 3659:Basel Committee on Banking Supervision 1890: 583:Hoeng1 gong2 gam1 jung4 gun2 lei5 guk2 529: 462: 351: 270: 3776:International Development Association 3612: 3391: 2847: 2714:Independent Police Complaints Council 2669:Examinations and Assessment Authority 2130: 1864: 898: 2594:Air Accident Investigation Authority 1786: 1780: 113:2.75% (as of 28 July 2022) 3313:List of power stations in Hong Kong 3188:International rankings of Hong Kong 3017:Hong Kong Trade Development Council 2679:Export Credit Insurance Corporation 2249:Innovation, Technology and Industry 2234:Financial Services and the Treasury 2214:Constitutional and Mainland Affairs 1759: 1753: 1745:. 10 September 2007. Archived from 1723:. 16 September 2002. Archived from 1690: 1608:, HKMA Quarterly Bulletin, May 2002 1398:The HKMA hosted the meeting of the 879: 601: 13: 3654:Bank for International Settlements 3445:Office of the Government Economist 3042:Office of the Government Economist 2367:Electrical and Mechanical Services 1619:Banker's fury at 'colonial system' 1417:The HKMA is also host to the 2022 1101: 272:[ɕjáŋkàŋtɕínɻʊ̌ŋkwànlìtɕǔ] 14: 3886: 3781:International Finance Corporation 3638: 3261:Hang Seng China Enterprises Index 3221:Securities and Futures Commission 2970:Banknotes of the Hong Kong dollar 2744:Securities and Futures Commission 2327:Civil Engineering and Development 2209:Commerce and Economic Development 1840: 1557:Yam defends central bankers' pact 1452:Banknotes of the Hong Kong dollar 1406:in 1997, at an estimated cost of 1388:Darryl Chan (since November 2022) 1074:billion bailout organised by the 657: 337:hêng1gong2 gem1yung4 gun2léi5gug2 3875:1993 establishments in Hong Kong 3419:Financial Secretary of Hong Kong 3372: 3371: 3362: 3361: 3209:The Stock Exchange of Hong Kong 3204:Hong Kong Exchanges and Clearing 2609:Antiquities and Monuments Office 2347:Cultural and Creative Industries 2158: 1721:Exchange Fund Investment Limited 1582:Dollar demise remark angers HKMA 1431: 1380:Howard Lee (since February 2016) 1375:Arthur Yuen (since January 2010) 1180:16 years and 183 days 971: 3162:Hong Kong International Airport 1813: 1791: 1731: 1709: 1684: 1457:Hong Kong Note Printing Limited 1300:Chinese University of Hong Kong 1296:4 years and 359 days 1245:Chinese University of Hong Kong 1081: 528: 514: 500: 486: 350: 336: 322: 308: 294: 3685:Contractionary monetary policy 3346:Four big families of Hong Kong 3297:Outward Processing Arrangement 3292:Ship Registration in Hong Kong 3057:State enterprises in Hong Kong 2991:List of companies of Hong Kong 2810:Foreign relations of Hong Kong 2664:Equal Opportunities Commission 2392:Food and Environmental Hygiene 1801:. Hong Kong Monetary Authority 1764:. The Standard. Archived from 1760:Lau, Eli (22 September 2003). 1659: 1635: 1611: 1598: 1574: 1549: 1500: 1488:. Hong Kong Monetary Authority 1478: 1241:10 years and 0 days 885: 562: 461: 447: 433: 419: 377: 269: 255: 241: 227: 168: 1: 3870:Banknote issuers of Hong Kong 3865:Statutory bodies in Hong Kong 3251:Hong Kong Mercantile Exchange 3157:Hong Kong–Zhuhai–Macau Bridge 3037:Trade and Industry Department 2975:Coins of the Hong Kong dollar 2823:Statutory bodies in Hong Kong 2634:Construction Industry Council 2497:Leisure and Cultural Services 1472: 1140:Financial Secretaries Served 865:(DVP) services as opposed to 242:ㄒㄧㄤ ㄍㄤˇ ㄐㄧㄣ ㄖㄨㄥˊ ㄍㄨㄢˇ ㄌㄧˇ ㄐㄩˊ 3690:Expansionary monetary policy 3450:Hong Kong Monetary Authority 3022:Hong Kong Monetary Authority 2924:Positive non-interventionism 2914:Stock disasters in Hong Kong 2792:Hong Kong Monetary Authority 2624:Centre for Health Protection 2102:Standard Chartered Hong Kong 2092:Hong Kong Monetary Authority 1088:International Finance Centre 551:Hong Kong Monetary Authority 295:Hēunggóng gāmyùng gúnléihgúk 153:Hong Kong Monetary Authority 45:International Finance Centre 22:Hong Kong Monetary Authority 7: 3756:International Monetary Fund 3271:CSI Cross-Straits 500 Index 3241:Electronic Payment Services 2909:1997 Asian financial crisis 2279:Culture, Sports and Tourism 1424: 1076:International Monetary Fund 999:1997 Asian financial crisis 962:1997 Asian financial crisis 910:Linked Exchange Rate System 640:linked exchange rate system 629: 592:Office of the Exchange Fund 588:central banking institution 323:Heunggong gamyung gunleiguk 10: 3891: 3214:Hong Kong Futures Exchange 2934:Poverty Campaign: Speak Up 2604:Antiquities Advisory Board 2544:Radio Television Hong Kong 2417:Government Records Service 1359:William Ryback (2003–2007) 1356:Anthony Latter (1999–2003) 975: 859:real-time gross settlement 228:Xiānggǎng jīnróng guǎnlǐjú 3796: 3744: 3703: 3672: 3664:Financial Stability Board 3646: 3599: 3459:Previous office holders * 3458: 3437: 3425: 3354: 3331:Water supply in Hong Kong 3323: 3305: 3279: 3196: 3180: 3139: 3065: 3047:Inland Revenue Department 3009: 2983: 2947: 2881: 2818: 2800: 2782: 2764:Travel Industry Authority 2759:Trade Development Council 2619:Auxiliary Medical Service 2582: 2462:Innovation and Technology 2397:Government Flying Service 2287: 2194: 2171: 2115:Oriental Bank Corporation 2079: 1989: 1922: 1896: 1799:"HKMA Information Centre" 1393: 1365:Choi Yiu-kwan (2005–2009) 1139: 1136: 1133: 1130: 1123: 1120: 988:Moody's Investors Service 978:Exchange Fund (Hong Kong) 543: 521: 507: 493: 479: 472: 454: 440: 426: 412: 405: 400: 396: 392: 370: 365: 343: 329: 315: 301: 287: 280: 262: 248: 234: 220: 213: 208: 204: 200: 190: 186: 161: 157: 152: 125: 117: 107: 91: 84:Central bank of 83: 73: 55: 40: 28: 16:Central bank of Hong Kong 3246:Growth Enterprise Market 3091:Inland Revenue Ordinance 2649:Communications Authority 2377:Environmental Protection 1826:24 November 2007 at the 1691:Nip, Amy (5 July 2007). 1624:24 November 2007 at the 1587:24 November 2007 at the 1563:24 November 2007 at the 1538:24 November 2007 at the 1114:List of chief executives 774:Companies listed on HKSE 769:Growth Enterprise Market 645: 366:Alternative Chinese name 3850:Currencies of Hong Kong 3438:Subordinate departments 3336:Individual Visit Scheme 3076:Employment in Hong Kong 2965:Hong Kong Note Printing 2889:Seamen's strike of 1922 2828:Hong Kong Civil Service 2774:Urban Renewal Authority 2724:Office of the Ombudsman 2659:Estate Agents Authority 2269:Transport and Logistics 2229:Environment and Ecology 2165:Government of Hong Kong 1648:16 October 2007 at the 1341:David Carse (1993–2003) 1333:Deputy chief executives 1184:University of Hong Kong 1059:HKMA Information Centre 968:epidemic in 2002/2003. 863:delivery versus payment 620:Standard Chartered Bank 3116:Minimum Wage Ordinance 2833:Administrative Officer 2719:Liquor Licensing Board 2674:Exchanges and Clearing 2644:Centre for Food Safety 2447:Information Technology 2307:Architectural Services 2244:Home and Youth Affairs 2181:Government Secretariat 1739:"Intervention Returns" 1384:Edmond Lau (2021–2022) 1362:Peter Pang (2004–2016) 1060: 1052: 1051:HKMA building entrance 782:Other Hong Kong topics 531:[kɐ́mkǔːnkǒk̚] 61:; 31 years ago 3804:List of central banks 3736:Sovereign wealth fund 3731:Open market operation 3428:Financial Secretary: 3131:Goods and Service Tax 3081:Estate Duty Ordinance 2984:Industry and business 2894:Black Saturday (1983) 2467:Intellectual Property 2402:Government Laboratory 2342:Correctional Services 2317:Census and Statistics 1467:List of central banks 1058: 1050: 992:Standard & Poor's 904:Currency board system 874:Faster Payment System 652:repurchase agreements 464:[tɕínkwàntɕǔ] 3226:Linked exchange rate 3121:Stamp Duty Ordinance 3096:Partnership taxation 2875:Economy of Hong Kong 2539:Rating and Valuation 2472:Investment Promotion 2452:Information Services 2407:Government Logistics 2382:Financial Assistance 1904:Banknotes of the HKD 1821:Yam defends IMF cost 1705:on 24 November 2007. 1680:on 24 November 2007. 1447:Economy of Hong Kong 1307:University of London 1160:Joseph Yam Chi-kwong 1098:an individual lift. 1029:currency speculators 666:Economy of Hong Kong 118:Interest on reserves 3680:Capital requirement 3197:Finance and banking 3010:Government agencies 2754:Town Planning Board 2709:Insurance Authority 2412:Government Property 2186:Government agencies 1768:on 24 November 2007 1749:on 11 October 2007. 1727:on 17 October 2002. 1632:, 14 September 1995 1617:Geoffrey Crothall, 1571:. 22 November 1995. 1546:. 18 November 1997. 1221:Norman Chan Tak-lam 1108:Financial Secretary 1037:Martin Lee Chu-ming 908:It is included the 596:Financial Secretary 509:Canton Romanization 331:Canton Romanization 25: 2699:Hospital Authority 2584:Statutory agencies 2559:Trade and Industry 2352:Customs and Excise 2337:Companies Registry 2259:Labour and Welfare 1891:Hong Kong currency 1606:Why blame the peg? 1595:, 20 February 1995 1314:Harvard University 1238:30 September 2019 1195:Sir Hamish Macleod 1177:30 September 2009 1061: 1053: 1023:billion) worth of 899:Monetary stability 695:Monetary Authority 21: 3837: 3836: 3606: 3605: 3385: 3384: 3152:Port of Hong Kong 2939:Pearl River Delta 2899:Four Asian Tigers 2841: 2840: 2802:Foreign relations 2689:Housing Authority 2629:Civil Aid Service 2599:Airport Authority 2512:Official Receiver 2372:Electoral Affairs 2357:Drainage Services 2176:Executive Council 2124: 2123: 1330: 1329: 1318: 1311: 1304: 1285: 1278: 1273:Eddie Yue Wai-man 1249: 1232: 1226: 1188: 1171: 1165: 1134:Higher education 1128: 1005:local stocks and 854: 853: 700:Four Asian Tigers 636:official reserves 586:) is Hong Kong's 547: 546: 539: 538: 481:Yale Romanization 407:Standard Mandarin 361: 360: 289:Yale Romanization 215:Standard Mandarin 148: 147: 59:1 April 1993 3882: 3761:World Bank Group 3633: 3626: 3619: 3610: 3609: 3412: 3405: 3398: 3389: 3388: 3375: 3374: 3367:Economy of Macau 3365: 3364: 3341:Economic freedom 2955:Hong Kong dollar 2868: 2861: 2854: 2845: 2844: 2639:Consumer Council 2614:Audit Commission 2163: 2162: 2151: 2144: 2137: 2128: 2127: 2080:Banknote issuers 1914:Hong Kong dollar 1909:Coins of the HKD 1885: 1878: 1871: 1862: 1861: 1857: 1852: 1851: 1849:Official website 1835: 1817: 1811: 1810: 1808: 1806: 1795: 1789: 1788: 1784: 1778: 1777: 1775: 1773: 1757: 1751: 1750: 1735: 1729: 1728: 1713: 1707: 1706: 1701:. Archived from 1688: 1682: 1681: 1676:. Archived from 1663: 1657: 1656:, 29 August 1998 1639: 1633: 1615: 1609: 1602: 1596: 1578: 1572: 1553: 1547: 1528: 1519: 1518: 1512: 1504: 1498: 1497: 1495: 1493: 1482: 1441: 1436: 1435: 1434: 1412: 1409: 1316: 1309: 1302: 1283: 1276: 1247: 1230: 1224: 1199:Sir Donald Tsang 1186: 1169: 1163: 1126: 1118: 1117: 1096: 1093: 1073: 1069: 1066: 1033:Democratic Party 1022: 1019: 1015: 1012: 940: 937: 933: 930: 887: 880:Banking licenses 846: 839: 832: 820:Hong Kong Portal 680:Hong Kong dollar 662: 661: 610:The HKMA issues 602:Responsibilities 584: 575: 535: 534: 533: 517: 516: 503: 502: 489: 488: 468: 467: 466: 450: 449: 448:Chin1-kuan3-chü2 436: 435: 422: 421: 398: 397: 388: 387: 357: 356: 355: 339: 338: 325: 324: 311: 310: 297: 296: 276: 275: 274: 258: 257: 244: 243: 230: 229: 206: 205: 182: 181: 150: 149: 144: 139: 136: 134: 132: 96:Hong Kong dollar 69: 67: 62: 33: 26: 20: 3890: 3889: 3885: 3884: 3883: 3881: 3880: 3879: 3840: 3839: 3838: 3833: 3792: 3747: 3740: 3711:Capital control 3699: 3668: 3642: 3637: 3607: 3602: 3595: 3454: 3433: 3421: 3416: 3386: 3381: 3377:Economy of Asia 3350: 3319: 3301: 3275: 3256:Hang Seng Index 3192: 3176: 3141: 3140:Infrastructure 3135: 3061: 3005: 2979: 2943: 2919:Brand Hong Kong 2904:Ting Hai effect 2877: 2872: 2842: 2837: 2814: 2796: 2778: 2694:Housing Society 2585: 2578: 2283: 2190: 2167: 2157: 2155: 2125: 2120: 2075: 1985: 1918: 1892: 1889: 1847: 1846: 1843: 1838: 1828:Wayback Machine 1818: 1814: 1804: 1802: 1797: 1796: 1792: 1785: 1781: 1771: 1769: 1758: 1754: 1737: 1736: 1732: 1715: 1714: 1710: 1689: 1685: 1664: 1660: 1650:Wayback Machine 1640: 1636: 1626:Wayback Machine 1616: 1612: 1603: 1599: 1589:Wayback Machine 1580:Chan Po-chung, 1579: 1575: 1565:Wayback Machine 1554: 1550: 1540:Wayback Machine 1529: 1522: 1510: 1506: 1505: 1501: 1491: 1489: 1484: 1483: 1479: 1475: 1437: 1432: 1430: 1427: 1410: 1407: 1396: 1335: 1312: 1305: 1288:1 October 2019 1282: 1279: 1258: 1235:1 October 2009 1229: 1227: 1209: 1205: 1201: 1197: 1168: 1166: 1131:Term of office 1125: 1116: 1104: 1102:Chief executive 1094: 1091: 1084: 1071: 1067: 1064: 1020: 1017: 1013: 1010: 1007:Hang Seng Index 980: 974: 958:liquidity traps 938: 935: 931: 928: 921:Milton Friedman 906: 901: 882: 857:newly launched 850: 814: 660: 648: 632: 604: 129: 98: 74:Chief Executive 65: 63: 60: 36: 23: 17: 12: 11: 5: 3888: 3878: 3877: 3872: 3867: 3862: 3857: 3852: 3835: 3834: 3832: 3831: 3826: 3821: 3816: 3811: 3806: 3800: 3798: 3794: 3793: 3791: 3790: 3789: 3788: 3783: 3778: 3773: 3768: 3758: 3752: 3750: 3742: 3741: 3739: 3738: 3733: 3728: 3726:Money creation 3723: 3721:Interest rates 3718: 3713: 3707: 3705: 3704:Implementation 3701: 3700: 3698: 3697: 3692: 3687: 3682: 3676: 3674: 3670: 3669: 3667: 3666: 3661: 3656: 3650: 3648: 3644: 3643: 3636: 3635: 3628: 3621: 3613: 3604: 3603: 3600: 3597: 3596: 3594: 3593: 3588: 3583: 3578: 3573: 3568: 3563: 3558: 3553: 3548: 3543: 3538: 3533: 3528: 3523: 3518: 3513: 3508: 3503: 3501:Mitchell-Innes 3498: 3493: 3488: 3483: 3478: 3473: 3468: 3462: 3460: 3456: 3455: 3453: 3452: 3447: 3441: 3439: 3435: 3434: 3426: 3423: 3422: 3415: 3414: 3407: 3400: 3392: 3383: 3382: 3380: 3379: 3369: 3355: 3352: 3351: 3349: 3348: 3343: 3338: 3333: 3327: 3325: 3321: 3320: 3318: 3317: 3315: 3309: 3307: 3303: 3302: 3300: 3299: 3294: 3289: 3283: 3281: 3277: 3276: 3274: 3273: 3268: 3263: 3258: 3253: 3248: 3243: 3238: 3233: 3228: 3223: 3218: 3217: 3216: 3211: 3200: 3198: 3194: 3193: 3191: 3190: 3184: 3182: 3178: 3177: 3175: 3174: 3169: 3164: 3159: 3154: 3148: 3146: 3137: 3136: 3134: 3133: 3128: 3123: 3118: 3113: 3108: 3103: 3098: 3093: 3088: 3083: 3078: 3072: 3070: 3063: 3062: 3060: 3059: 3054: 3049: 3044: 3039: 3034: 3029: 3024: 3019: 3013: 3011: 3007: 3006: 3004: 3003: 2998: 2993: 2987: 2985: 2981: 2980: 2978: 2977: 2972: 2967: 2962: 2960:Hong Kong Mint 2957: 2951: 2949: 2945: 2944: 2942: 2941: 2936: 2931: 2926: 2921: 2916: 2911: 2906: 2901: 2896: 2891: 2885: 2883: 2879: 2878: 2871: 2870: 2863: 2856: 2848: 2839: 2838: 2836: 2835: 2830: 2825: 2819: 2816: 2815: 2813: 2812: 2806: 2804: 2798: 2797: 2795: 2794: 2788: 2786: 2780: 2779: 2777: 2776: 2771: 2766: 2761: 2756: 2751: 2746: 2741: 2736: 2731: 2726: 2721: 2716: 2711: 2706: 2701: 2696: 2691: 2686: 2681: 2676: 2671: 2666: 2661: 2656: 2651: 2646: 2641: 2636: 2631: 2626: 2621: 2616: 2611: 2606: 2601: 2596: 2590: 2588: 2586:or authorities 2580: 2579: 2577: 2576: 2574:Water Supplies 2571: 2566: 2561: 2556: 2551: 2549:Social Welfare 2546: 2541: 2536: 2529: 2524: 2519: 2514: 2509: 2504: 2499: 2494: 2489: 2484: 2479: 2474: 2469: 2464: 2459: 2457:Inland Revenue 2454: 2449: 2444: 2439: 2434: 2429: 2424: 2419: 2414: 2409: 2404: 2399: 2394: 2389: 2384: 2379: 2374: 2369: 2364: 2359: 2354: 2349: 2344: 2339: 2334: 2332:Communications 2329: 2324: 2322:Civil Aviation 2319: 2314: 2309: 2304: 2299: 2297:Administration 2293: 2291: 2285: 2284: 2282: 2281: 2276: 2271: 2266: 2261: 2256: 2251: 2246: 2241: 2236: 2231: 2226: 2221: 2216: 2211: 2206: 2200: 2198: 2192: 2191: 2189: 2188: 2183: 2178: 2172: 2169: 2168: 2154: 2153: 2146: 2139: 2131: 2122: 2121: 2119: 2118: 2111: 2104: 2099: 2094: 2089: 2083: 2081: 2077: 2076: 2074: 2073: 2068: 2063: 2056: 2051: 2046: 2039: 2034: 2029: 2022: 2015: 2008: 2001: 1993: 1991: 1987: 1986: 1984: 1983: 1978: 1973: 1968: 1963: 1958: 1953: 1948: 1941: 1934: 1926: 1924: 1920: 1919: 1917: 1916: 1911: 1906: 1900: 1898: 1894: 1893: 1888: 1887: 1880: 1873: 1865: 1859: 1858: 1842: 1841:External links 1839: 1837: 1836: 1819:Sean Kennedy, 1812: 1790: 1779: 1752: 1730: 1708: 1683: 1658: 1634: 1610: 1597: 1573: 1555:Sean Kennedy, 1548: 1520: 1499: 1476: 1474: 1471: 1470: 1469: 1464: 1459: 1454: 1449: 1443: 1442: 1426: 1423: 1395: 1392: 1391: 1390: 1385: 1382: 1377: 1372: 1366: 1363: 1360: 1357: 1354: 1348: 1342: 1334: 1331: 1328: 1327: 1322: 1319: 1297: 1294: 1289: 1286: 1269: 1263: 1262: 1253: 1250: 1242: 1239: 1236: 1233: 1218: 1214: 1213: 1192: 1189: 1181: 1178: 1175: 1172: 1157: 1153: 1152: 1149: 1146: 1145:Start of term 1142: 1141: 1138: 1137:Previous role 1135: 1132: 1129: 1122: 1115: 1112: 1103: 1100: 1083: 1080: 976:Main article: 973: 970: 954:business cycle 905: 902: 900: 897: 881: 878: 852: 851: 849: 848: 841: 834: 826: 823: 822: 816: 815: 813: 812: 807: 802: 797: 792: 784: 783: 779: 778: 777: 776: 771: 766: 764:Stock Exchange 758: 757: 751: 750: 749: 748: 743: 738: 733: 728: 723: 718: 710: 709: 705: 704: 703: 702: 697: 692: 687: 682: 674: 673: 669: 668: 659: 658:Infrastructure 656: 647: 644: 631: 628: 603: 600: 545: 544: 541: 540: 537: 536: 525: 519: 518: 515:Gem1 gun2 gug2 511: 505: 504: 497: 491: 490: 483: 477: 476: 474:Yue: Cantonese 470: 469: 458: 452: 451: 444: 438: 437: 430: 424: 423: 416: 410: 409: 403: 402: 401:Transcriptions 394: 393: 390: 389: 374: 368: 367: 363: 362: 359: 358: 347: 341: 340: 333: 327: 326: 319: 313: 312: 305: 299: 298: 291: 285: 284: 282:Yue: Cantonese 278: 277: 266: 260: 259: 252: 246: 245: 238: 232: 231: 224: 218: 217: 211: 210: 209:Transcriptions 202: 201: 198: 197: 194: 188: 187: 184: 183: 165: 159: 158: 155: 154: 146: 145: 127: 123: 122: 119: 115: 114: 111: 105: 104: 93: 89: 88: 85: 81: 80: 75: 71: 70: 57: 53: 52: 42: 38: 37: 34: 15: 9: 6: 4: 3: 2: 3887: 3876: 3873: 3871: 3868: 3866: 3863: 3861: 3860:Central banks 3858: 3856: 3853: 3851: 3848: 3847: 3845: 3830: 3827: 3825: 3822: 3820: 3817: 3815: 3812: 3810: 3807: 3805: 3802: 3801: 3799: 3795: 3787: 3784: 3782: 3779: 3777: 3774: 3772: 3769: 3767: 3764: 3763: 3762: 3759: 3757: 3754: 3753: 3751: 3749: 3746:Bretton Woods 3743: 3737: 3734: 3732: 3729: 3727: 3724: 3722: 3719: 3717: 3716:Discount rate 3714: 3712: 3709: 3708: 3706: 3702: 3696: 3695:Basel Accords 3693: 3691: 3688: 3686: 3683: 3681: 3678: 3677: 3675: 3671: 3665: 3662: 3660: 3657: 3655: 3652: 3651: 3649: 3645: 3641: 3640:Central banks 3634: 3629: 3627: 3622: 3620: 3615: 3614: 3611: 3598: 3592: 3589: 3587: 3584: 3582: 3579: 3577: 3574: 3572: 3569: 3567: 3564: 3562: 3559: 3557: 3554: 3552: 3549: 3547: 3546:Cowperthwaite 3544: 3542: 3539: 3537: 3534: 3532: 3529: 3527: 3524: 3522: 3519: 3517: 3514: 3512: 3509: 3507: 3504: 3502: 3499: 3497: 3494: 3492: 3489: 3487: 3484: 3482: 3479: 3477: 3474: 3472: 3469: 3467: 3464: 3463: 3461: 3457: 3451: 3448: 3446: 3443: 3442: 3440: 3436: 3432: 3429: 3424: 3420: 3413: 3408: 3406: 3401: 3399: 3394: 3393: 3390: 3378: 3370: 3368: 3360: 3357: 3356: 3353: 3347: 3344: 3342: 3339: 3337: 3334: 3332: 3329: 3328: 3326: 3322: 3316: 3314: 3311: 3310: 3308: 3304: 3298: 3295: 3293: 3290: 3288: 3285: 3284: 3282: 3278: 3272: 3269: 3267: 3264: 3262: 3259: 3257: 3254: 3252: 3249: 3247: 3244: 3242: 3239: 3237: 3234: 3232: 3229: 3227: 3224: 3222: 3219: 3215: 3212: 3210: 3207: 3206: 3205: 3202: 3201: 3199: 3195: 3189: 3186: 3185: 3183: 3179: 3173: 3170: 3168: 3165: 3163: 3160: 3158: 3155: 3153: 3150: 3149: 3147: 3145: 3138: 3132: 3129: 3127: 3124: 3122: 3119: 3117: 3114: 3112: 3109: 3107: 3104: 3102: 3099: 3097: 3094: 3092: 3089: 3087: 3086:Goepfert case 3084: 3082: 3079: 3077: 3074: 3073: 3071: 3068: 3064: 3058: 3055: 3053: 3050: 3048: 3045: 3043: 3040: 3038: 3035: 3033: 3030: 3028: 3025: 3023: 3020: 3018: 3015: 3014: 3012: 3008: 3002: 2999: 2997: 2994: 2992: 2989: 2988: 2986: 2982: 2976: 2973: 2971: 2968: 2966: 2963: 2961: 2958: 2956: 2953: 2952: 2950: 2946: 2940: 2937: 2935: 2932: 2930: 2927: 2925: 2922: 2920: 2917: 2915: 2912: 2910: 2907: 2905: 2902: 2900: 2897: 2895: 2892: 2890: 2887: 2886: 2884: 2880: 2876: 2869: 2864: 2862: 2857: 2855: 2850: 2849: 2846: 2834: 2831: 2829: 2826: 2824: 2821: 2820: 2817: 2811: 2808: 2807: 2805: 2803: 2799: 2793: 2790: 2789: 2787: 2785: 2781: 2775: 2772: 2770: 2767: 2765: 2762: 2760: 2757: 2755: 2752: 2750: 2749:Tourism Board 2747: 2745: 2742: 2740: 2737: 2735: 2732: 2730: 2727: 2725: 2722: 2720: 2717: 2715: 2712: 2710: 2707: 2705: 2702: 2700: 2697: 2695: 2692: 2690: 2687: 2685: 2684:Heung Yee Kuk 2682: 2680: 2677: 2675: 2672: 2670: 2667: 2665: 2662: 2660: 2657: 2655: 2652: 2650: 2647: 2645: 2642: 2640: 2637: 2635: 2632: 2630: 2627: 2625: 2622: 2620: 2617: 2615: 2612: 2610: 2607: 2605: 2602: 2600: 2597: 2595: 2592: 2591: 2589: 2587: 2581: 2575: 2572: 2570: 2567: 2565: 2562: 2560: 2557: 2555: 2552: 2550: 2547: 2545: 2542: 2540: 2537: 2535: 2534: 2530: 2528: 2525: 2523: 2520: 2518: 2515: 2513: 2510: 2508: 2505: 2503: 2500: 2498: 2495: 2493: 2490: 2488: 2485: 2483: 2482:Land Registry 2480: 2478: 2475: 2473: 2470: 2468: 2465: 2463: 2460: 2458: 2455: 2453: 2450: 2448: 2445: 2443: 2440: 2438: 2435: 2433: 2430: 2428: 2425: 2423: 2420: 2418: 2415: 2413: 2410: 2408: 2405: 2403: 2400: 2398: 2395: 2393: 2390: 2388: 2387:Fire Services 2385: 2383: 2380: 2378: 2375: 2373: 2370: 2368: 2365: 2363: 2360: 2358: 2355: 2353: 2350: 2348: 2345: 2343: 2340: 2338: 2335: 2333: 2330: 2328: 2325: 2323: 2320: 2318: 2315: 2313: 2310: 2308: 2305: 2303: 2300: 2298: 2295: 2294: 2292: 2290: 2286: 2280: 2277: 2275: 2272: 2270: 2267: 2265: 2262: 2260: 2257: 2255: 2252: 2250: 2247: 2245: 2242: 2240: 2237: 2235: 2232: 2230: 2227: 2225: 2222: 2220: 2217: 2215: 2212: 2210: 2207: 2205: 2204:Civil Service 2202: 2201: 2199: 2197: 2193: 2187: 2184: 2182: 2179: 2177: 2174: 2173: 2170: 2166: 2161: 2152: 2147: 2145: 2140: 2138: 2133: 2132: 2129: 2117: 2116: 2112: 2110: 2109: 2105: 2103: 2100: 2098: 2095: 2093: 2090: 2088: 2087:Bank of China 2085: 2084: 2082: 2078: 2072: 2069: 2067: 2064: 2062: 2061: 2057: 2055: 2052: 2050: 2047: 2045: 2044: 2040: 2038: 2035: 2033: 2030: 2028: 2027: 2023: 2021: 2020: 2016: 2014: 2013: 2009: 2007: 2006: 2002: 2000: 1999: 1995: 1994: 1992: 1988: 1982: 1979: 1977: 1974: 1972: 1969: 1967: 1964: 1962: 1959: 1957: 1954: 1952: 1949: 1947: 1946: 1942: 1940: 1939: 1935: 1933: 1932: 1928: 1927: 1925: 1921: 1915: 1912: 1910: 1907: 1905: 1902: 1901: 1899: 1895: 1886: 1881: 1879: 1874: 1872: 1867: 1866: 1863: 1856: 1850: 1845: 1844: 1834:, 7 July 1995 1833: 1829: 1825: 1822: 1816: 1800: 1794: 1783: 1767: 1763: 1756: 1748: 1744: 1743:webb-site.com 1740: 1734: 1726: 1722: 1718: 1712: 1704: 1700: 1699: 1694: 1687: 1679: 1675: 1674: 1669: 1662: 1655: 1651: 1647: 1644: 1641:Bayani Cruz, 1638: 1631: 1627: 1623: 1620: 1614: 1607: 1604:Tony Latter, 1601: 1594: 1590: 1586: 1583: 1577: 1570: 1566: 1562: 1558: 1552: 1545: 1541: 1537: 1533: 1527: 1525: 1516: 1509: 1503: 1487: 1481: 1477: 1468: 1465: 1463: 1460: 1458: 1455: 1453: 1450: 1448: 1445: 1444: 1440: 1429: 1422: 1420: 1415: 1405: 1401: 1389: 1386: 1383: 1381: 1378: 1376: 1373: 1370: 1367: 1364: 1361: 1358: 1355: 1352: 1349: 1346: 1343: 1340: 1339: 1338: 1326: 1323: 1320: 1315: 1308: 1301: 1298: 1295: 1293: 1290: 1287: 1281: 1274: 1270: 1268: 1265: 1264: 1261: 1257: 1254: 1251: 1246: 1243: 1240: 1237: 1234: 1222: 1219: 1216: 1215: 1212: 1208: 1204: 1200: 1196: 1193: 1190: 1185: 1182: 1179: 1176: 1174:1 April 1993 1173: 1161: 1158: 1155: 1154: 1150: 1147: 1144: 1143: 1127:(birth–death) 1119: 1111: 1109: 1099: 1089: 1079: 1077: 1057: 1049: 1045: 1043: 1038: 1034: 1030: 1026: 1008: 1004: 1000: 995: 993: 989: 985: 984:colonial rule 979: 972:Exchange fund 969: 967: 963: 959: 955: 951: 950:gold standard 947: 942: 926: 925:1997 handover 922: 917: 913: 911: 896: 894: 889: 877: 875: 870: 868: 864: 860: 847: 842: 840: 835: 833: 828: 827: 825: 824: 821: 818: 817: 811: 808: 806: 803: 801: 798: 796: 793: 791: 788: 787: 786: 785: 781: 780: 775: 772: 770: 767: 765: 762: 761: 760: 759: 756: 753: 752: 747: 746:Manufacturing 744: 742: 739: 737: 734: 732: 729: 727: 724: 722: 719: 717: 714: 713: 712: 711: 707: 706: 701: 698: 696: 693: 691: 688: 686: 683: 681: 678: 677: 676: 675: 671: 670: 667: 664: 663: 655: 653: 643: 641: 637: 627: 625: 624:Bank of China 621: 617: 613: 608: 599: 597: 593: 589: 585: 579: 574: 571: 568: 565: 560: 556: 552: 542: 532: 526: 524: 520: 512: 510: 506: 498: 496: 492: 484: 482: 478: 475: 471: 465: 459: 457: 453: 445: 443: 439: 431: 429: 425: 417: 415: 411: 408: 404: 399: 395: 391: 386: 383: 380: 375: 373: 369: 364: 354: 348: 346: 342: 334: 332: 328: 320: 318: 314: 306: 304: 300: 292: 290: 286: 283: 279: 273: 267: 265: 261: 253: 251: 247: 239: 237: 233: 225: 223: 219: 216: 212: 207: 203: 199: 195: 193: 189: 185: 180: 177: 174: 171: 166: 164: 160: 156: 151: 143: 138: 128: 124: 120: 116: 112: 110: 106: 102: 97: 94: 90: 86: 82: 79: 76: 72: 58: 54: 50: 46: 43: 39: 32: 27: 19: 3449: 3358: 3111:Salaries tax 3021: 2791: 2784:Central bank 2531: 2432:Home Affairs 2113: 2106: 2091: 2058: 2041: 2024: 2017: 2010: 2003: 1996: 1943: 1936: 1929: 1832:The Standard 1831: 1815: 1803:. Retrieved 1793: 1782: 1770:. Retrieved 1766:the original 1755: 1747:the original 1742: 1733: 1725:the original 1720: 1711: 1703:the original 1698:The Standard 1696: 1686: 1678:the original 1673:The Standard 1671: 1661: 1654:The Standard 1653: 1637: 1630:The Standard 1629: 1613: 1600: 1593:The Standard 1592: 1576: 1569:The Standard 1568: 1551: 1544:The Standard 1514: 1502: 1490:. Retrieved 1480: 1439:Money portal 1416: 1397: 1387: 1379: 1374: 1345:Andrew Sheng 1336: 1310:(LL.B, M.S.) 1291: 1271: 1266: 1203:Antony Leung 1164:GBM, GBS, JP 1148:End of term 1105: 1085: 1082:Headquarters 1062: 996: 981: 943: 918: 914: 907: 893:virtual bank 890: 883: 871: 855: 694: 649: 633: 609: 605: 581: 554: 550: 548: 434:ㄐㄧㄣ ㄍㄨㄢˇ ㄐㄩˊ 414:Hanyu Pinyin 222:Hanyu Pinyin 41:Headquarters 18: 3551:Haddon-Cave 3506:T. S. Smith 3486:C. C. Smith 3106:Rates (tax) 3101:Profits tax 2507:Observatory 2442:Immigration 2289:Departments 2219:Development 1530:Noel Fung, 1515:info.gov.hk 1486:"Base Rate" 1371:(2007–2019) 1353:(1996–2005) 1351:Norman Chan 1347:(1993–1998) 997:During the 501:Gam gun guk 487:Gām gún gúk 56:Established 51:, Hong Kong 3844:Categories 3476:Ricnaecker 3280:Agreements 3126:Stamp duty 3067:Employment 2362:Efficiency 1473:References 1400:World Bank 1256:John Tsang 1211:John Tsang 1207:Henry Tang 946:fiat money 716:Employment 495:Sidney Lau 442:Wade–Giles 317:Sidney Lau 250:Wade–Giles 99:HKD ( 66:1993-04-01 3556:Bremridge 3431:Paul Chan 3359:See also: 3144:Transport 2564:Transport 2492:Legal Aid 2312:Buildings 2224:Education 1990:Banknotes 1369:Eddie Yue 1325:Paul Chan 1292:Incumbent 1260:Paul Chan 1151:Duration 1025:blue-chip 1016:billion ( 936:HK$ 335.4 934:billion ( 800:Geography 795:Education 755:Companies 736:Agri/aqua 721:Transport 708:Resources 685:Banknotes 612:banknotes 420:Jīnguǎnjú 109:Bank rate 87:Hong Kong 78:Eddie Yue 3673:Policies 3586:J. Tsang 3571:D. Tsang 3231:Red chip 3181:Rankings 2948:Currency 2569:Treasury 2533:Railways 2517:Planning 2427:Highways 2264:Security 1824:Archived 1805:27 March 1772:27 March 1646:Archived 1622:Archived 1585:Archived 1561:Archived 1536:Archived 1425:See also 1317:(M.B.A.) 1303:(B.B.A.) 1187:(BSocSc) 964:and the 886:銀行三級發牌制度 810:Politics 672:Identity 630:Policies 578:Jyutping 428:Bopomofo 303:Jyutping 236:Bopomofo 192:Jyutping 101:ISO 4217 92:Currency 3566:Macleod 3536:Follows 3531:Butters 3511:Thomson 3491:Russell 3236:H share 3069:and tax 2882:History 2554:Tourism 2437:Housing 2274:Housing 2254:Justice 2196:Bureaus 1923:Coinage 1492:29 July 1408:HK$ 485 1284:(1965–) 1231:(1954–) 1225:GBS, JP 1170:(1948–) 1092:US$ 480 1078:(IMF). 1035:leader 1011:HK$ 120 1003:shorted 867:Non-DVP 805:History 790:Culture 726:Tourism 559:Chinese 372:Chinese 163:Chinese 126:Website 64: ( 49:Central 24:香港金融管理局 3748:system 3647:Global 3561:Jacobs 3541:Clarke 3521:Taylor 3516:Messer 3496:Lister 3471:Mercer 3466:Martin 3306:Energy 2929:Taipan 2522:Police 2502:Marine 2477:Labour 2422:Health 2239:Health 2071:$ 1000 1897:Topics 1508:"Info" 1411:  1394:Events 1248:(B.S.) 1095:  1072:  1068:  1021:  1018:US$ 15 1014:  982:Under 939:  932:  929:US$ 43 731:Postal 580:: 561:: 3797:Lists 3576:Leung 3526:Caine 3481:Forth 3324:Other 2487:Lands 2066:$ 500 2060:$ 150 2054:$ 100 1931:1 mil 1511:(PDF) 1065:US$ 1 1042:TraHK 741:Ports 690:Coins 646:Tools 133:.hkma 3591:Chan 3581:Tang 3287:CEPA 3142:and 2527:Post 2097:HSBC 2049:$ 50 2043:$ 25 2037:$ 20 2032:$ 10 1981:$ 10 1807:2007 1774:2007 1494:2022 1402:and 1124:Name 1121:No. 966:SARS 634:The 622:and 555:HKMA 549:The 135:.gov 121:None 3172:MTR 2026:$ 5 2019:$ 1 2012:10¢ 1976:$ 5 1971:$ 2 1966:$ 1 1961:50¢ 1956:20¢ 1951:10¢ 1404:IMF 1280:余偉文 1228:陳德霖 1167:任志剛 990:or 557:) ( 523:IPA 456:IPA 345:IPA 264:IPA 137:.hk 131:www 3846:: 2005:5¢ 1998:1¢ 1945:5¢ 1938:1¢ 1830:, 1741:. 1719:. 1695:. 1670:. 1652:, 1628:, 1591:, 1567:. 1559:. 1542:. 1534:. 1523:^ 1513:. 1421:. 1277:JP 1275:, 1223:, 1217:2 1162:, 1156:1 869:. 642:. 626:. 618:, 598:. 576:; 570:管理 567:金融 564:香港 176:管理 173:金融 170:香港 47:, 3632:e 3625:t 3618:v 3411:e 3404:t 3397:v 2867:e 2860:t 2853:v 2150:e 2143:t 2136:v 1884:e 1877:t 1870:v 1809:. 1776:. 1517:. 1496:. 1267:3 845:e 838:t 831:v 573:局 553:( 385:局 382:管 379:金 179:局 103:) 68:)

Index

Logo of the Hong Kong Monetary Authority
International Finance Centre
Central
Eddie Yue
Hong Kong dollar
ISO 4217
Bank rate
www.hkma.gov.hk
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Chinese
香港
金融
管理

Jyutping
Standard Mandarin
Hanyu Pinyin
Bopomofo
Wade–Giles
IPA
[ɕjáŋkàŋtɕínɻʊ̌ŋkwànlìtɕǔ]
Yue: Cantonese
Yale Romanization
Jyutping
Sidney Lau
Canton Romanization
IPA
[hœ́ːŋkɔ̌ːŋkɐ́mjȍŋkǔːnle̬ikǒk̚]
Chinese

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