Banknotes of The Hong Kong Dollar - Note-issuing Banks

Note-issuing Banks

The Government, through the Hong Kong Monetary Authority, authorises three commercial banks to issue currency notes in Hong Kong:

• The Hongkong and Shanghai Banking Corporation Limited;
• the Standard Chartered Bank (Hong Kong) Limited; and
• the Bank of China (Hong Kong) Limited.

Authorisation is accompanied by a set of terms and conditions agreed on between the Government and the three note-issuing banks. Banknotes are issued by the three banks, or redeemed, against payment to, or from, the Government Exchange Fund in US dollars, at a specified rate of US$1 to HK$7.80 under the Linked Exchange Rate system. Banknotes issued by the three commercial banks are printed in Hong Kong by Hong Kong Note Printing Limited.