Hong Kong Monetary Authority - HKMA

AAA

DEFINITION of 'Hong Kong Monetary Authority - HKMA'

The central bank of Hong Kong. Established in 1993, the HKMA's main purpose is to control inflation and maintain the stability of the Hong Kong dollar (HKD) and of the banking sector through its monetary policy. The HKMA links the HKD to the British pound or U.S. dollar to help the HKD maintain a stable value.

INVESTOPEDIA EXPLAINS 'Hong Kong Monetary Authority - HKMA'

The HKMA also maintains a sovereign wealth fund called the Hong Kong Monetary Authority Investment Portfolio. The HKMA is a member of the East Asia and Pacific Central Banks along with the Reserve Bank of Australia, the People's Bank of China, the Bank of Japan and seven other central banks.

RELATED TERMS
  1. National Currency

    The currency or legal tender issued by a nation's central bank ...
  2. Bank Of Central African States

    The central bank serving the Economic and Monetary Community ...
  3. Hong Kong Monetary Authority Investment ...

    A sovereign wealth fund of the Government of the Hong Kong Special ...
  4. Reserve Bank Of India - RBI

    The central bank of India, which was established on April 1, ...
  5. Currency Board

    A monetary authority that makes decisions about the valuation ...
  6. Hong Kong SAR, China

    Hong Kong is a financial and business center in China.
Related Articles
  1. The Treasury And The Federal Reserve
    Bonds & Fixed Income

    The Treasury And The Federal Reserve

  2. Debt Monetization: A Nearsighted Government ...
    Economics

    Debt Monetization: A Nearsighted Government ...

  3. How The U.S. Government Formulates Monetary ...
    Personal Finance

    How The U.S. Government Formulates Monetary ...

  4. Get To Know The Major Central Banks
    Forex Education

    Get To Know The Major Central Banks

Hot Definitions
  1. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  2. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  3. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  4. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
Trading Center