News & Press / New Members

Hong Kong Monetary Authority becomes the newest member to join the EDM Council

Mon, Jun 26, 2023

Hong Kong Monetary Authority is Hong Kong’s central banking institution. It was established on 1 April 1993 by merging the Office of the Exchange Fund and the Office of the Commissioner of Banking. The HKMA’s four main functions are:

  • maintaining currency stability within the framework of the Linked Exchange Rate System;
  • promoting the stability and integrity of the financial system, including the banking system;
  • helping to maintain Hong Kong’s status as an international financial centre, including the maintenance and development of Hong Kong’s financial infrastructure; and
  • managing the Exchange Fund.

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