# Hong Kong Monetary Authority

Hong Kong Monetary Authority is a Sovereign Wealth Fund based in Hong Kong, Hong Kong.

## Overview

- **Organization type:** Sovereign Wealth Fund
- **Headquarters:** Hong Kong, Hong Kong
- **Region:** Asia
- **Address:** Hong Kong, Hong Kong
- **Founded:** 1993
- **Assets under management:** $561B (end-May 2026)
- **Website:** hkma.gov.hk
- **LinkedIn:** https://hk.linkedin.com/company/hong-kong-monetary-authority

## Regulatory record

- **Reports private funds:** No

## About

The Hong Kong Monetary Authority (HKMA) is Hong Kong’s central banking institution, established on 1 April 1993 by merging the Office of the Exchange Fund and the Office of the Commissioner of Banking (per HKMA official website). Its four primary functions are maintaining currency stability within the Linked Exchange Rate System; promoting the stability and integrity of the financial system including banking; helping maintain Hong Kong’s status as an international financial centre including financial infrastructure; and managing the Exchange Fund (per HKMA About Us and Annual Report 2025). The Exchange Fund constitutes Hong Kong’s official foreign reserves and underpins monetary stability via the Currency Board. As of 31 May 2026, total assets of the Exchange Fund amounted to HK$4,390.7 billion (per HKMA press release, 30 June 2026). In 2025 the Fund recorded investment income of HK$331.0 billion and an overall investment return of 8.0%, with the Investment Portfolio returning 12.4% (per HKMA press release, 28 January 2026). The HKMA maintains high transparency through monthly abridged balance sheets, half-yearly performance updates, and detailed audited statements in its Annual Report. It is headed by Chief Executive Eddie Yue, JP (appointed October 2019), and operates with a high degree of autonomy while accountable to the Financial Secretary. Reserves management is conducted through the Exchange Fund Investment Office, segregating Backing and Investment Portfolios.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Hedge Funds

## Offices

- New York, NY, United States
- London, UK

## People

- Eddie Yue, JP — Chief Executive
- Arthur Yuen, JP — Deputy Chief Executive
- Howard Lee, JP — Deputy Chief Executive (Reserves Management, Financial Infrastructure and Fintech)
- Darryl Chan, JP — Deputy Chief Executive
- Karen Kemp, JP — General Counsel
- Albert Goh — Deputy Chief Executive Officer, Exchange Fund Investment Office

## Questions

### What is the Hong Kong Monetary Authority?

The HKMA is Hong Kong’s central banking institution, responsible for currency stability under the Linked Exchange Rate System, financial system stability, international financial centre status, and management of the Exchange Fund (per HKMA official website).

### When was the HKMA established?

The HKMA was established on 1 April 1993 by merging the Office of the Exchange Fund and the Office of the Commissioner of Banking (per HKMA About Us page).

### Who is the current Chief Executive of the HKMA?

Eddie Yue, JP, has served as Chief Executive since 1 October 2019 (per HKMA Chief Executive’s Committee page).

### Does the HKMA disclose detailed investment performance?

Yes. The HKMA publishes half-yearly investment income and return figures, monthly abridged balance sheets, and full audited financial statements of the Exchange Fund in its Annual Report (per HKMA reserves management pages and press releases).

## Related profiles

- [Hong Kong Investment Corporation Limited (HKIC)](https://altss.com/profile/hong-kong-investment-corporation-limited-hkic)
- [Hong Kong Monetary Authority (HKMA)](https://altss.com/profile/hong-kong-monetary-authority-hkma)

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Last updated: 2026-07-17T20:41:49.000Z

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