HKMA
Hong Kong Monetary Authority
HKMA is Hong Kong's central banking authority and financial regulator. It maintains currency stability and supervises the banking sector.
HKMA operates Hong Kong's HKD currency board system and supports payment infrastructure. It also issues guidelines on banking safety and soundness. Official site: HKMA.
Related Terms
HKD
Hong Kong Dollar
HKD is the official currency of Hong Kong. It's pegged to the US dollar within a narrow band, provid...
APAC
Asia-Pacific
APAC is a regional designation referring to the Asia-Pacific region, commonly used in business and b...
SWIFT
Society for Worldwide Interbank Financial Telecommunication
SWIFT is a global messaging network that financial institutions use to securely transmit information...
Cross-Border Payment
A cross-border payment is a transfer where the payer and payee are in different countries or currenc...
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