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HKD
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] |
Macau Pataca
The Macanese pataca or Macau pataca (; pt, pataca de Macau; sign: $; abbreviation: P; ISO code: MOP) is the currency of the Macau Special Administrative Region of the People's Republic of China. It is subdivided into 100 ''avos'' (; ''sin''), with 10 avos called ''ho'' () in Cantonese. Macau has a currency board system under which the pataca is 100 per cent backed by foreign exchange reserves, in this case currently the Hong Kong dollar (itself backed by the United States dollar). Moreover, the currency board, Monetary Authority of Macau (AMCM), has a statutory obligation to issue and redeem Macau pataca on demand against the Hong Kong dollar at a fixed exchange rate of HK$1 = MOP 1.03, and without limit. History The Spanish American silver dollar was in wide use in Asia and the Americas between the 16th to 20th centuries, and was imported by China in large quantities. They were typically minted in Mexico and then brought to the Philippines as part of the Spanis ... [...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 ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Ten-dollar Coin
The ten-dollar coin is the highest-valued circulating coin issued in Hong Kong. It circulates alongside the ten dollar banknote. It was first issued for circulation in 1994 to replace the $10 note, but the coin was not minted after 1997 and the Hong Kong Monetary Authority chose instead to reissue banknotes in 2002. A commemorative issue featuring the Tsing Ma Bridge was released in 1997 for the handover Sovereignty of Hong Kong was transferred from the United Kingdom to the People's Republic of China (PRC) at midnight on 1 July 1997. This event ended 156 years of British rule in the former colony. Hong Kong was established as a special ad ... of Hong Kong to China. It was issued in uncirculated and proof sets.http://worldcoingallery.com/countries/display.php?image=img15/84-78&desc=Hong Kong km78 10 Dollars (1997) Suspension bridge&query=Hong Kong It is Hong Kong's only bi-metallic coin. Mintage References * Ma Tak Wo 2004, Illustrated Catalogue of Hong Kong Curre ... [...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 ... [...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 (, sign: HK$; code: ... [...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 w ... [...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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Monetary Authority
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.Noel FungGovernment power over Exchange Fund's stability role under review, The Standard, 18 November 1997 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 Co ... [...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. ... [...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 HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tri ... 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 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] |
