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.


HKMA stays vigilant

The Hong Kong Monetary Authority (HKMA) plans to maintain its prudent requirements on mortgage lending, according to its half-yearly report on monetary and financial stability. The HKMA says the risks of renewed exuberance could send housing prices up again.