Examples of HKMA in a sentence
RMB convertibility from offshore RMB (CNH) to onshore RMB (CNY) is a managed currency process subject to foreign exchange control policies of and repatriation restrictions imposed by the Chinese government in coordination with the Hong Kong Monetary Authority (HKMA).
Any devaluation of RMB could adversely affect the value of investors’ investments in the Portfolio.The hedged share class participates in the CNH market, which allows investors to freely transact CNH outside of mainland China with approved banks in the Hong Kong market (HKMA approved banks).
HKMA Supervisory Policy Manual CA-G-1: Overview of Capital Adequacy Regime for Locally Incorporated Authorized InstitutionsHKMA (2016).
The information is consistent with that in the ‘Capital Adequacy Ratio’ return submitted to the HKMA.
The branch has been cautioned by HKMA against recurrence of similar contraventions and no monetary penalty has been imposed.