HKMA regulator
Overview
The Hong Kong Monetary Authority (HKMA) is the central banking institution of Hong Kong, responsible for maintaining monetary, banking, and financial system stability. It was established in 1993 through the merger of the Office of the Exchange Fund and the Office of the Commissioner of Banking. HKMA manages the Exchange Fund, regulates banks, and issues banknotes through commercial banks.
Within the DeFi Intel graph, HKMA connects to 22 tracked entities, most strongly to HSBC, Hong Kong, Project mBridge.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 7 of 22 total).
| Relation | Connected entity | Confidence |
|---|---|---|
regulates | HSBC | 95% |
operates_in | Hong Kong | 95% |
participates_in | Project mBridge | 95% |
regulates | Anchorpoint Financial | 95% |
participates_in | Project mBridge | 95% |
issued | HKMA Stablecoin Issuer Sandbox | 95% |
regulates | Hong Kong Stablecoins Ordinance | 95% |
Frequently asked questions
What is the Hong Kong Monetary Authority (HKMA)?
The Hong Kong Monetary Authority (HKMA) is the central banking institution of Hong Kong, established in 1993 through the merger of the Office of the Exchange Fund and the Office of the Commissioner of Banking. It is responsible for maintaining monetary, banking, and financial system stability, managing the Exchange Fund, regulating banks, and issuing banknotes through commercial banks.
What stablecoin-related activities does HKMA regulate?
HKMA regulates the Hong Kong Stablecoins Ordinance and has issued stablecoin licences to HSBC and Anchorpoint Financial. It also mentions first Hong Kong stablecoin issuers including HSBC, Standard Chartered, and their joint venture Anchorpoint Financial.
What international project does HKMA participate in?
HKMA participates in Project mBridge, a cross-border central bank digital currency project.