HKMA

The Hong Kong Monetary Authority (HKMA) is the government agency responsible for managing Hong Kong's currency and monetary policy. It oversees the stability of the financial system, maintains the value of the Hong Kong dollar, and supervises banks and financial institutions. The HKMA also manages the Exchange Fund, which ensures financial stability. Its main goals are to promote a stable and efficient banking environment, protect consumers, and maintain confidence in Hong Kong's financial system. Essentially, it plays a vital role in supporting the economy and ensuring that the banking system operates smoothly.