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The Hong Kong and Macao Affairs Office of the State Council (HKMAO) was established in 1978 to handle Hong Kong's future, which was a British colony at the time. [4] The office, along with the Foreign Ministry, was heavily involved in the negotiations between China and the United Kingdom that eventually led to the 1997 handover of Hong Kong to ...
The Hong Kong Monetary Authority (HKMA) is the central banking institution of Hong Kong. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged. The organisation reports directly to the Financial Secretary. [2]
The Clearing House Automated Transfer System, or CHATS, is a real-time gross settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited (HKICL), a limited-liability private company jointly owned by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks ...
Hong Kong on Tuesday made its biggest push to date in its bid to become a green financing hub and capture a slice of the market that is expected to be worth US$350 billion this year.Seven ...
Hong Kong is taking another step to establish the merits of a digital currency for public use, as the monetary authority turns to the market for input on the design and policy issues surrounding ...
Hong Kong Monetary Authority (HKMA) said it has been working with China's central bank and other regional monetary authorities on how to use digital currencies and trade platforms for fostering ...
They are collectively known as “authorized institutions” supervised by the Hong Kong Monetary Authority (HKMA). [1] As one of the top five financial centres worldwide, Hong Kong has one of the highest concentrations of banking institutions in the world, with 70 of the largest 100 banks in the world having an operation in Hong Kong. As of ...
The Hong Kong Monetary Authority (HKMA) has launched a consultation seeking public feedback on regulating stablecoins, as it aims to counter the growing risks such fiat currency-backed digital ...