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Financial and Monetary Affairs
acquired for strategic purposes by the Financial Secretary using the fund. To better manage risks and enhance returns in the medium and long term, the HKMA has been diversifying part of the fund's investment in a prudent and incremental manner into a greater variety of asset classes, including private equity and real estate investments housed under the Long-Term Growth Portfolio.
At the end of 2016, the fund had total assets of $3,629.9 billion and an accumulated surplus of $546.7 billion19.
Another function related to the fund is currency issuance. Bank notes in denominations of $20, $50, $100, $500 and $1,000 are issued by the three note-issuing banks: Bank of China (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank (Hong Kong) Limited. The note-issuing banks may issue currency notes only by surrendering non-interest-bearing USD backing at a fixed exchange rate of HK$7.80 to US$1.
Through the HKMA, the government issues $10 currency notes and coins in denominations of $10, $5, $2, $1, 50 cents, 20 cents and 10 cents. The value of all notes and coins in circulation at the end of 2016 was $420 billion.
Websites
Companies Registry: www.cr.gov.hk
Companies Registry e-Registry: www.eregistry.gov.hk Company Search Mobile Service: www.mobile-cr.gov.hk Financial Dispute Resolution Centre: www.fdrc.org.hk Financial Reporting Council: www.frc.org.hk
Financial Services and the Treasury Bureau: www.fstb.gov.hk Financial Services Development Council: www.fsdc.org.hk Hong Kong Exchanges and Clearing Limited: www.hkex.com.hk Hong Kong Monetary Authority: www.hkma.gov.hk
Hong Kong Strategy for Financial Literacy: www.hksfl.hk
Investor Education Centre: www.hkiec.hk
Mandatory Provident Fund Schemes Authority: www.mpfa.org.hk Office of the Commissioner of Insurance: www.oci.gov.hk
Official Receiver's Office: www.oro.gov.hk
Securities and Futures Commission: www.sfc.hk
The Chin Family: www.thechinfamily.hk
19
Foreign currency asset figures have been published monthly since January 1997 to demonstrate the government's continued commitment to greater openness and transparency, In addition, an abridged balance sheet of the Exchange Fund and a set of Currency Board accounts are published monthly.
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