Hong Kong Monetary Authority (HKMA)

The Hong Kong Monetary Authority (HKMA) is the government authority responsible for managing Hong Kong's currency, monetary policy, and financial stability. It oversees the banking system, ensuring that banks operate safely and soundly. The HKMA also manages the Hong Kong dollar and maintains its peg to the US dollar. Additionally, it works to protect consumers and promotes the overall health of the financial sector, fostering confidence in Hong Kong as a global financial center. Through these roles, the HKMA helps maintain economic stability and supports sustainable growth in the region.