Cryptocurrency Q&A
What is the Hong Kong Exchange Fund (HKMA)?
What is the Hong Kong Exchange Fund (HKMA)?
SumoHonorable
Fri Jan 17 2025
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7 answers
1030
The Hong Kong Monetary Authority (HKMA) is Hong Kong's central banking institution, responsible for maintaining currency stability, promoting the stability and integrity of the financial system, and managing the Exchange Fund. The Exchange Fund, under the control of the Financial Secretary, is primarily used for affecting the exchange value of the Hong Kong dollar and maintaining the stability of Hong Kong's monetary and financial systems.
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7 answers
MysticChaser
Sun Jan 19 2025
The Exchange Fund was initially set up and regulated by the Currency Ordinance, dating back to 1931.
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KpopHarmonySoulMate
Sun Jan 19 2025
Over time, this ordinance has evolved and is now known as the Exchange Fund Ordinance.
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DigitalDuke
Sun Jan 19 2025
This legal framework plays a crucial role in the management and operation of the Exchange Fund.
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DigitalEagle
Sun Jan 19 2025
According to the Exchange Fund Ordinance, the Hong Kong Monetary Authority (HKMA) has been entrusted with specific responsibilities.
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BlockchainLegendary
Sat Jan 18 2025
The primary objective of the HKMA, as outlined in the ordinance, is to safeguard the stability of the Hong Kong currency.
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