Hong Kong Monetary Authority

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href="/eng/key-functions/banking/banking-legislation-policies-and-standards-implementation/" target="">Banking Legislation, Policies and Standards Implementation</a><a href="/eng/key-functions/banking/banking-conduct-supervision/" target="">Banking Conduct and Enforcement</a><a href="/eng/key-functions/banking/anti-money-laundering-and-counter-financing-of-terrorism/" target="">Anti-Money Laundering and Counter-Financing of Terrorism</a><a href="/eng/key-functions/banking/bank-resolution-regime/" target="">Resolution Regime</a><a href="/eng/key-functions/banking/smart-banking/" target="">Smart Banking</a><a href="/eng/regulatory-resources/regulatory-guides/by-subject-current/" target="">Regulatory Guides</a><a href="/eng/key-functions/banking/fintech-knowledge-hub/" target="">Fintech Knowledge Hub</a><a href="/eng/key-functions/banking/green-and-sustainable-banking-conference/" target="">Green and Sustainable Banking Conference</a></div></div><div class="mobile-menu-expand" aria-hidden="true"> <div class="sub-title mobile-menu-expand-object"><a href="/eng/key-functions/international-financial-centre/" target="">International Financial Centre</a></div><div class="mobile-menu-expand-target"><a href="/eng/key-functions/international-financial-centre/hong-kong-as-an-international-financial-centre/" target="">Hong Kong as an International Financial Centre</a><a href="/eng/key-functions/international-financial-centre/fintech/" target="">Fintech</a><a href="/eng/key-functions/international-financial-centre/bond-market-development/" target="">Bond Market Development</a><a href="/eng/key-functions/international-financial-centre/financial-market-infrastructure/" target="">Financial Market Infrastructure</a><a href="/eng/key-functions/international-financial-centre/stored-value-facilities-and-retail-payment-systems/" target="">Stored Value Facilities and Retail Payment Systems</a><a href="/eng/key-functions/international-financial-centre/stablecoin-issuers/" 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MANAGEMENT</span></li> </ul> </div> </div> </div> <div class="section-container"> <div class="section-wrapper"> <div class="left"> <div class="heading h3">Focus</div> <div class="graphic-effect-holder"> <div class="graphic-holder"></div> <div class="graphic-text-holder"></div> <div class="btn-next" tabindex="-1" role="link"><div class="icon"></div><span class="hide">Next Slide</span></div> <div class="btn-prev" tabindex="-1" role="link"><div class="icon"></div><span class="hide">Previous Slide</span></div> <div class="graphic-control"> <div class="btn-pause" tabindex="-1" role="link"><span class="hide">Pause</span></div> <ul class="graphic-data"> <li tabindex="-1" data-image="/media/eng/home/summit-banner-2023-en.jpg" title="Global Financial Leaders' Investment Summit" data-text="Global Financial Leaders' Investment Summit" data-link="/eng/key-functions/international-financial-centre/global-financial-leaders-investment-summit/" role="link"><span class="hide">Global Financial Leaders' 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class="hide">Fintech 2025</span></li><li tabindex="-1" data-image="/media/eng/home/focus-LERS.jpg" title="How does the LERS work?" data-text="How does the LERS work?" data-link="/eng/key-functions/money/linked-exchange-rate-system/how-does-the-lers-work/" role="link"><span class="hide">How does the LERS work?</span></li><li tabindex="-1" data-image="/media/eng/home/LIBOR_eng.png" title="Reform of Interest Rate Benchmarks" data-text="Reform of Interest Rate Benchmarks" data-link="/eng/key-functions/banking/banking-regulatory-and-supervisory-regime/reform-of-interest-rate-benchmarks/" role="link"><span class="hide">Reform of Interest Rate Benchmarks</span></li><li tabindex="-1" data-image="/media/eng/home/focus-smart-banking.jpg" title="Smart Banking" data-text="Smart Banking" data-link="/eng/key-functions/banking/smart-banking/" role="link"><span class="hide">Smart Banking</span></li><li tabindex="-1" data-image="/media/eng/img/smart-consumers/2018-Series-Hong-Kong-Banknotes.jpg" 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