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.


Still not enough … the government will release more land for homes like these in Tseung Kwan O in the New Territories. Photo: Bloomberg

Many still prefer the lure of property, says survey

A CPA Australia survey shows that more than 25 per cent of Hong Kong investors still prefer to put their money into property, another sign that investors are ignoring the government's efforts to cool the property market.