Hong Kong Monetary Authority (HKMA); English: The Hong Kong Monetary Authority (HKMA) is an independent department of the Government of the People's Republic of China (PRC) Special Administrative Region. It is responsible for Hong Kong's monetary policy, banking and monetary management, acts as the central bank and is directly responsible to the Financial Secretary. HKMA is the institution responsible for maintaining the stability of the monetary and banking systems within the framework of the Hong Kong government. Its main functions are: to maintain monetary stability within the framework of the linked exchange rate system; Promote the stability and perfection of the financial system, including the banking system; To help consolidate Hong Kong's position as an international financial center, including maintaining and developing Hong Kong's financial infrastructure and managing the Exchange Fund. 1 The current president of the Hong Kong Monetary Authority is Chen Delin.