Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) was established in April 1993 by merging the Office of the Exchange Fund with the Office of the Commissioner of Banking. The HKMA is responsible for maintaining monetary and banking stability, including maintaining currency stability within the framework of the Linked Exchange Rate system under which the Hong Kong dollar is pegged to the US dollar.
Outlook positive in rebound from crisis
Research by the Hong Kong Monetary Authority has found that recovery in the luxury market since the financial crisis has been stronger than that of other property types. Luxury property prices have surged 47.4 per cent in the past two years and are now 13.8 per cent above historic peak levels reached in 1997.