Hong Kong Stock Exchange
What is the Hong Kong Stock Exchange? The Hong Kong Stock Exchange (HKG) is a wholly-owned subsidiary of the Hong Kong Exchange and Clearing Limited (HKEx) and the leading regulator of issuers in Hong Kong and Mainland China. It is ranked as the third-largest stock market in Asia in terms of the aggregate market capitalization...
Hong Kong SAR
What is Hong Kong SAR, China? Hong Kong SAR is one of the metropolitan areas in the People’s Republic of China (PRC). As a premier business and financial center, Hong Kong is able to retain its monetary independence, as well as the currency-board type arrangement for its interchange rate. It is because Hong Kong maintains...
Hong Kong Monetary Authority (HKMA)
What is the Hong Kong Monetary Authority (HKMA)? The Hong Kong Monetary Authority (HKMA) is a government entity that was founded on April 1, 1993 as the de facto central bank and Hong Kong’s currency board. HKMA was established following the merger of the Office of the Commissioner of Banking and the Office of the...
World Bank Group
What is the World Bank Group? The World Bank Group is a multilateral development bank that was conceived in 1946 as one of the two Bretton Woods institutions, along with the International Monetary Fund (IMF). It began as the International Bank for Reconstruction and Development (IBRD) to assist in the rebuilding of Europe and Japan...
National Debt
What is National Debt? National debt refers to the total of all debts owed by the government of a country. It mostly comes from bonds and other debt securities, but can also be from direct borrowing from international institutions such as the World Bank. Classifications of National Debt National debt can be classified in various...
