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Hong Kong Dollars
The Hong Kong dollar (, sign: HK$; code: HKD) is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and the Hong Kong dollar. Three commercial banks are licensed by the Hong Kong Monetary Authority to issue their own banknotes for general circulation in Hong Kong. These banks, HSBC, Bank of China, and Standard Chartered, issue their own designs of banknotes in denominations of HK$20, HK$50, HK$100, HK$150, HK$500, and HK$1000, with all designs being similar to one another in the same denomination of banknote. However, the HK$10 banknote and all coins are issued by the Government of Hong Kong. As of April 2019, the Hong Kong dollar is the ninth most traded currency in the world. Hong Kong uses a linked exchange rate system, trading since May 2005 in the range US$1:HK$7.75–7.85. Apart from its use in Hong Kong, the Hong Kong dollar is a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Twenty-dollar Note
The twenty-dollar note was first issued by the Oriental Bank Corporation from 1866 to 1884. These banknotes are not very common and are listed as extremely rare. Apart from this, the banknote was reintroduced in 1985 by the Standard Chartered Bank (Hong Kong) in green and yellow, followed by The Hongkong and Shanghai Banking Corporation in 1986 in similar colours, but more green involved. The Bank of China The Bank of China (BOC; ) is a Chinese majority state-owned commercial bank headquartered in Beijing and the fourth largest bank in the world. The Bank of China was founded in 1912 by the Republican government as China's central bank, repl ... issued their version in 1994 as a blue coloured banknote. These were standardised in 2004 when all three types of banknotes were changed to a blue colour. References *Ma Tak Wo 2004, Illustrated Catalogue of Hong Kong Currency, Ma Tak Wo Numismatic Co., LTD Kowloon Hong Kong. Banknotes of Hong Kong Twenty-base-unit bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Five-dollar Coin
The five dollar coin is the second-highest denomination coin of the Hong Kong dollar. It replaced the five dollar banknotes in 1976. It was first issued as a 10-sided coin in 1976, under British rule. The coin was also made of copper-nickel but weighed 10.76 grams, was 31 mm in diameter and 2.08 mm thick. The obverse featured Arnold Machin's portrait of Queen Elizabeth II and the inscription ''Queen Elizabeth II''. Its reverse featured a crowned British lion and the year of minting, as well as the country's name and the coin's denomination in both English and Chinese. In 1980, the current round coin was issued, being slightly smaller and heavier. This coin replaced the lion on the reverse with a number five, but retained Machin's portrait. In 1985, the portrait of the Queen was changed to the one by Raphael Maklouf, introduced to British coins in the same year. In 1993, the image of the Queen on the obverse was replaced by a Bauhinia flower. Since that year, the flower features on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dollar
Dollar is the name of more than 20 currencies. They include the Australian dollar, Brunei dollar, Canadian dollar, Hong Kong dollar, Jamaican dollar, Liberian dollar, Namibian dollar, New Taiwan dollar, New Zealand dollar, Singapore dollar, United States dollar, Trinidad and Tobago Dollar and several others. The symbol for most of those currencies is the dollar sign $ in the same way as many countries using peso currencies. Economies that use a "dollar" Other territories that use a "dollar" * : Eastern Caribbean dollar * (Netherlands): US dollar * : US dollar (alongside the pound sterling) * : US dollar * : Eastern Caribbean dollar * (Netherlands): US dollar * (France): Canadian dollar (alongside the euro) * (Netherlands): US dollar * : US dollar Countries unofficially accepting "dollars" * Afghanistan: US dollar * Argentina: US dollar * Bolivia: US dollar * Cambodia: US dollar * Cuba: US dollar * Guatemala: US dollar * Lebanon: US dollar * Macau: Hong Kong d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Note Printing
Hong Kong Note Printing Limited is a company which prints the bank notes of all the three note-issuing banks in Hong Kong. The banknote printing plant was founded in 1984 by Thomas De La Rue in Tai Po Industrial Estate. In April 1996, the Hong Kong Government purchased the plant through the Exchange Fund, and operated it under the current name. Shareholders In March 1997, the government sold 15% of the company's issued share capital to the China Banknote Printing and Minting Corporation (CBPMC). In October the same year, the government sold 10% of the company's issued share capital to each of the three note-issuing banks in Hong Kong (total 30%), namely The Hongkong and Shanghai Banking Corporation Limited, the Standard Chartered Bank (now Standard Chartered Bank (Hong Kong)), and the Hong Kong Branch of the Bank of China (now Bank of China (Hong Kong) Limited). See also * Banknotes of the Hong Kong dollar * Hong Kong dollar The Hong Kong dollar (, currency symbol, sign: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of China (Hong Kong)
Bank of China (Hong Kong) Limited () also known as its short name Bank of China (Hong Kong) or BOCHK (), is a subsidiary of the Bank of China (via a Hong Kong-listed intermediate holding company BOC Hong Kong (Holdings)). Bank of China (Hong Kong) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits (2008 data), with more than 190 branches across Hong Kong as of the end of 2019. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar. BOCHK is legally separated from its parent, Bank of China (BOC), although they maintain close relations in management and administration and co-operate in several areas including reselling BOC's insurance and securities services. BOCHK is also the biggest member and a founder of the JETCO ATM and payment system, and the designated clearing bank in Hong Kong for transactions involving the Renminbi (RMB / CNH). BOCHK was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Chartered Hong Kong
Standard Chartered Hong Kong (officially Standard Chartered Bank (Hong Kong) Limited, ) is a licensed bank incorporated in Hong Kong and a subsidiary of Standard Chartered. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar. History The history of Standard Chartered in Hong Kong dates back to 1859, when The Chartered Bank of India, Australia and China opened a branch in Hong Kong. The Bank started issuing banknotes of the Hong Kong dollar in 1862, and still does so today. In 2000, Standard Chartered acquired Hong Kong-based retail banking business of the Chase Manhattan Bank, including Chase Manhattan Card Company Limited. In 2010, Standard Chartered acquired the Hong Kong consumer operations of GE Capital. An office tower, the Standard Chartered Bank Building, in Des Voeux Road, Central, Hong Kong is named after the bank. The building is now owned by Hang Lung Group. The Chairperson of the Bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) is Hong Kong's central bank, 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 (Hong Kong), 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.Noel FungGovernment power over Exchange Fund's stability role under review, The Standard (Hong Kong), The Standard, 18 November 1997 The HKMA issues Banknotes of the Hong Kong dollar, banknotes only in the denomination of ten Hong Kong dollars. The role of issuing other bankn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Authority
In finance and economics, a monetary authority is the entity that manages a country’s currency and money supply, often with the objective of controlling inflation, interest rates, real GDP or unemployment rate. With its monetary tools, a monetary authority is able to effectively influence the development of short-term interest rates, but can also influence other parameters which control the cost and availability of money. Generally, a monetary authority is a central bank or currency board. Most central banks have a certain degree of independence from the government and its political targets and decisions. But depending on the political set-up, governments can have as much as a de facto control over monetary policy if they are allowed to influence or control their central bank. A currency board may restrict the supply of currency to the amount of another currency. In some cases there may be free banking where a broad range of entities (such as banks) can issue notes or coin. Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong One Hundred And Fifty-dollar Note
The Hong Kong one hundred and fifty dollar note is a commemorative banknote issued by the Standard Chartered Bank (Hong Kong) on 1 October 2009 and HSBC on 2015 to commemorate on the 150th Anniversary of the Standard Chartered Hong Kong branch and HSBC respectively. It is the world's first 150 base unit denomination banknote. Approximately 1 million notes were issued by Standard Charter and 2 million by HSBC. Owing to its rarity and expected higher re-sale value, the notes are unlikely to enter circulation, though they are still considered legal tender. See also *Banknotes of the Hong Kong dollar The issue of banknotes of the Hong Kong dollar is governed in the Special Administrative Region of Hong Kong by the Hong Kong Monetary Authority (HKMA), the governmental currency board of Hong Kong. Under licence from the HKMA, three commercial b ... References {{Authority control Banknotes of Hong Kong Commemorative banknotes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong One Thousand-dollar Note
The one thousand-dollar note is the highest-valued banknote in circulation in Hong Kong. Currently, this note is issued by the Hongkong and Shanghai Banking Corporation (HSBC), Standard Chartered Hong Kong, and the Bank of China. Due to its gold-colored theme, this note was nicknamed “Gold Cow (Chinese: 金牛)” by the locals, derived from the term “Big Cow (Chinese: 大牛)” that is used for the city's five hundred-dollar note. If counted according to the notes’ serial number, it is the note with the second-lowest printing figure, higher than that of the fifty-dollar note. History Proof issues were made by the Oriental Bank Corporation and the Bank of Hindustan, China and Japan during the 1860s. However, due to the low price level in that era, those notes are currently extremely rare. It was not until 31 March 1977 that the first circulating note was issued by the HSBC with a dimension of 100mm by 173mm. Later on 6 March 1979, the Standard Chartered Bank (Hong Kong) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Five Hundred-dollar Note
The Hong Kong five hundred dollar note was first issued in undated from the 1860s by the Oriental Bank Corporation, the Standard Chartered Bank (Hong Kong) but a confirmed date for this bank is 1879, followed by The Hongkong and Shanghai Banking Corporation in 1877, the Mercantile Bank in 1948 and the Bank of China in 1994. The Specimens are known from the Agra and Masterman's Bank and the Asiatic Banking Corporation between 1862-66. The National Bank of China issued theirs in the 1890s. There was a continuous issue till the Second World War World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ... in different colours and dimensions, they were reissued from 1946. The Mercantile bank ceased issue of this denomination after 1959. There was a standardisation of size in 1979 when the Char ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong One Hundred-dollar Note
The Hong Kong one hundred dollar note was first issued from 1858 from the Mercantile Bank, 1866 by the Oriental Bank Corporation, the Standard Chartered Bank (Hong Kong) from the 1860s but a confirmed date for this bank is 1879, followed by The Hongkong and Shanghai Banking Corporation in 1877. Specimens are known from the Agra and Masterman's Bank and the Asiatic Banking Corporation that existed between 1862–66 and from The National Bank of China in the 1890s. There was a continuous issue till the Second World War in different colours and dimensions, and this issue was resumed after the war in 1946, by the HSBC, Mercantile and Standard Chartered Banks. This was somewhat standardised in 1970 when the Chartered Bank changed the issue from brown to red, red was the colour of the other two issues. The Mercantile bank stopped issuing banknotes after 1974 and the Bank of China The Bank of China (BOC; ) is a Chinese majority state-owned commercial bank headquartered in Beijing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
