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Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA, or 金管局) is Hong Kong's currency board and de facto central bank. 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.〔HK gov. "(www.info.gov.hk/hkma/ar2005/english/summary/pdf/hkma.pdf )." ''Info HK Gov.'' Retrieved in 2006.〕
==Responsibilities==
The fund was established and managed originally by the Currency Ordinance in 1935. It is now named the Exchange Fund Ordinance.
Under the Exchange Fund 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 efficiency, integrity and development of the financial system.〔Noel Fung, (Government power over Exchange Fund's stability role under review ), The Standard, 18 November 1997〕
The HKMA issues banknotes 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 The Hongkong and Shanghai Banking Corporation, Standard Chartered Bank and Bank of China.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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