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.


Newcomers win debate

After eight hard-fought rounds, the champion of the 10th NESTA-SCMP Debating Competition was declared to be HKMA David Li Kwok Po College.

The schools debate at Baptist University's Shek Mun Campus in Sha Tin on Friday drew a crowd of more than 500.