Established on 1 April 1993, the Hong Kong Monetary Authority (HKMA) functions as the central bank of Hong Kong. Its primary mission is to ensure the stability and integrity of the financial system. The HKMA's main functions include maintaining currency stability through the Linked Exchange Rate system, managing the official reserves of Hong Kong (the Exchange Fund), promoting the safety and soundness of the banking system through regulation and supervision, and developing Hong Kong's financial infrastructure to maintain its status as an international financial centre.