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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. The organisation reports directly to the Financial Secretary. [2]
Treasury official, Civil servant. Profession. Bank director, civil servant. Signature. Eddie Yue Wai-man (Chinese: 余偉文; born 21 September 1964), JP, is the 3rd and current Chief Executive of the Hong Kong Monetary Authority, having held the position since 1 October 2019. [2][3]
Bank of Thailand ; Securities and Exchange Commission (SEC) ; Office of Insurance Commission (OIC) Togo. Banking Commission of the West African Monetary Union (CB-UMOA) ; Financial Markets Authority of the West African Monetary Union (AMF-UMOA) ; Regional Insurance Control Commission (CRCA) Trinidad and Tobago.
The Hong Kong dollar (Chinese: 港元, sign: HK$; code: HKD) is the official currency of Hong Kong. It is subdivided into 100 cents. Historically, it was also subdivided into 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and the Hong Kong dollar.
2023. Next event. 2024. Organised by. Hong Kong Monetary Authority. Website. hkma.gov.hk. The Global Financial Leaders' Investment Summit is an annual financial summit based in Hong Kong, organised by the Hong Kong Monetary Authority. The inaugural event took place in November 2022.
Hong Kong maintains a three-tier system of deposit-taking institutions, i.e. licensed banks, restricted licence banks and deposit-taking companies. They are collectively known as “authorized institutions” supervised by the Hong Kong Monetary Authority (HKMA).
The Hong Kong Monetary Authority (HKMA), Hong Kong's de facto central bank, authorised note-issuing banks to issue banknotes. These banks are required to have the same amount of US dollars to issue banknotes. The HKMA guarantees to exchange US dollars into Hong Kong dollars, or vice versa, at the rate of 7.80.
Norman Chan. Norman Chan Tak-lam, GBS, JP (born 1954), is a Hong Kong banker, treasury official, and civil servant. Chan was Chief Executive of the Hong Kong Monetary Authority from 2009 to 2019. [2][3] He previously served as Director of the Office of the Chief Executive of the HKSAR and Regional Vice-Chairman of Standard Chartered Bank.