Peter Pang Pang

Fubon Bank Hong Kong Ltd. engages in the provision of banking and related financial services. It operates through the following segments: Retail Banking, Institutional Banking, and Treasury Investment. The Retail Banking segment comprises consumer finance activities including credit card merchant acquiring, provision of credit card advances, mortgage lending and other consumer lending and wealth management services such as the sales and distribution of insurance products, investment products and securities brokerage to wealth management clients and provision of banking services to the mass market. The Institutional Banking segment refers to corporate banking, commercial banking and financial institutions, covering the provision of services including corporate lending, syndicated loans, trade financing and deposits to large corporates, and small and medium enterprises in Hong Kong and Mainland China. The Treasury Investment segment covers the group’s investment portfolio and trading in foreign exchange and debt securities. The company was founded in 1970 and is headquartered in Hong Kong.

The Hong Kong Mortgage Corp. Ltd. engages in the provision of mortgage services. It offers mortgage insurance, reverse mortgage, policy reverse mortgage, microfinance scheme, small and medium-sized enterprises (SME) financing guarantee scheme, mortgage purchase, funding, mortgage-backed securitization, and infrastructure financing and securitization. The company was founded in March 1997 and is headquartered in Hong Kong.

Hong Kong Monetary Authority (HKMA) is the government authority in Hong Kong which was established in 1993 by merging the Office of the Exchange Fund with the Office of the Commissioner of Banking. The HKMA reports to the Financial Secretary and is responsible for maintaining Hong Kong's monetary and banking stability. Based in Hong Kong, the Authority aims to keep the Hong Kong dollar stable by managing the Exchange Fund (Hong Kong's official reserves) in a sound and effective way, to promote the safety of Hong Kong's banking system and to develop Hong Kong's financial infrastructure to enable money to flow smoothly, freely and without obstruction. The Exchange Fund's statutory roles include affecting the exchange value of the currency of Hong Kong and maintaining the stability and integrity of the monetary and financial systems, with a view to maintaining Hong Kong as an international financial center. The HKMA manages the Exchange Fund, ensuring that the fund meets its statutory roles and actively managing the fund's assets, mainly held in the form of foreign denominated interest-bearing instruments and equities. To meet the operational needs of the Government, part of the Exchange Fund is also held in Hong Kong dollar denominated securities. The Exchange Fund is managed as two distinct portfolios. The first is a Backing Portfolio to ensure that the monetary base related to the Currency Board operations is fully backed by highly liquid, short-term U.S. dollar denominated interest-bearing securities. The second is an Investment Portfolio to preserve the fund's value for future generations in Hong Kong.