REGION C – ASIA

THE SINKING OF THE TITANIC

(April 14-15, 1912 – North Atlantic Ocean)

The Hong Kong
Monetary Authority

(Central, Hong Kong)

ROTHSCHILD OWNED & CONTROLLED CENTRAL BANK

The Official Story

THE HONG KONG MONETARY AUTHORITY
(Central, Hong Kong)

The Hong Kong Monetary Authority (HKMA) is Hong Kong’s central banking institution. 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.

Responsibilities

The exchange fund was established and managed originally by the Currency Ordinance in 1935, now named the Exchange Fund Ordinance. Under the Ordinance, the HKMA’s primary objective is to ensure the stability of the Hong Kong currency, and the banking system. It is also responsible for promoting the efficiency, integrity and development of the financial system.

The HKMA issues banknotes only in the denomination of ten Hong Kong dollars. The role of issuing other banknotes is delegated to the note-issuing banks in the territory, namely The Hongkong and Shanghai Banking Corporation, Standard Chartered Bank and Bank of China.

Headquarters

The HKMA’s is headquartered in the International Finance Centre. It purchased fourteen floors in Tower 2. The 55th, 56th and the 77th to 88th floors were bought for US$480 million in 2001. An exhibition area, currently containing an exhibit of Hong Kong’s monetary history, and a library of the Hong Kong Monetary Authority Information Centre occupy the 55th floor. The 88th floor of the tower contains the office of the chief executive of the HKMA, and is served by an individual lift.

Source: Wikipedia