Hong Kong Monetary Authority

The Hong Kong Monetary Authority (HKMA) is the central banking institution of Hong Kong. It manages the city's currency, the Hong Kong dollar, and ensures the stability of the banking system. The HKMA oversees monetary policy, regulates banks, and aims to foster a stable financial environment. It also acts as a lender of last resort and manages Hong Kong's foreign currency reserves. Essentially, the HKMA plays a key role in maintaining economic stability and confidence in Hong Kong's financial system.