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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 denies role in bank refusal

The Hong Kong Monetary Authority has denied advising banks not to offer services to some nationalities and says it will follow up complaints filed by ethnic minorities.