SumoHonorable
Fri Jan 17 2025
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7 answers
1030
What is the Hong Kong Exchange Fund (HKMA)?
The Hong Kong Monetary Authority (HKMA) is Hong Kong's central banking institution, responsible for maintaining currency stability, promoting the stability and integrity of the financial system, and managing the Exchange Fund. The Exchange Fund, under the control of the Financial Secretary, is primarily used for affecting the exchange value of the Hong Kong dollar and maintaining the stability of Hong Kong's monetary and financial systems.
