The Hong Kong Monetary Authority (HKMA, Chinese: 香港金融管理局 or 金管局) is Hong Kong's currency board and central banking authority. It is a government authority founded on 1 April 1993 via the consolidation of "Office of the Exchange Fund" and the "Office of the Commissioner of Banking". The organisation reports directly to the Financial Secretary.
Read more about Hong Kong Monetary Authority: Responsibilities, Policies, Infrastructure, Banking Stability, Location, The Chief Executive's Committee, Other
Famous quotes containing the words monetary and/or authority:
“In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.”
—Ezra Pound (1885–1972)
“At a distance, we cannot conceive of the authority of a despot who knows all his subjects on sight.”
—Stendhal [Marie Henri Beyle] (1783–1842)