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Christmas Quiz 2006

This year’s Christmas Quiz (the eighth since Viewpoint began in 1999) introduces to readers some of the international organisations in which the HKMA participates or which it supports. Most, if not all, of these organisations are responsible for assessing and managing the risks affecting global or regional monetary and financial stability, a goal that fits well with the HKMA’s own policy objectives. The HKMA participates in some of these organisations as a member, while for others the HKMA plays a part in the participation of the Hong Kong Special Administrative Region. I would like to take this opportunity to thank my colleagues in the HKMA involved in these organisations for their hard work.

Back to the Quiz. Readers are invited to match the names of seven selected international organisations with the brief descriptions that fit them. Obviously we have not listed all the organisations in which the HKMA participates. Readers can find the answers, and much other useful information, in the Guide to Hong Kong Monetary and Banking Terms (3rd edition) that the HKMA published in November. The Guide contains more than 200 terms relating to recent developments in Hong Kong’s monetary and banking sectors. It is available free of charge at the HMKA's website www.hkma.gov.hk, and a printed version can be purchased at the HKMA Information Centre located on 55/F, Two International Finance Centre.

Please fill in the answers and your contact details, and press the "submit" button before 11:59 p.m. on Sunday 31 December 2006 (Hong Kong time). You may also send your answers to us by fax (852) 2509-9159, by post, or even deliver them personally to our Information Centre. The first three correct entries will each receive a small prize.

Good luck, and a Merry Christmas to all of you!

Joseph Yam
21 December 2006

 

 

Asia-Pacific Economic Co-operation (APEC)

Bank for International Settlements (BIS)

Committee on the Global Financial System (CGFS)

Executives' Meeting of East Asia-Pacific Central Banks (EMEAP)

Financial Stability Forum (FSF)

International Monetary Fund (IMF)

World Bank Group (WBG)

 
  1. Founded in 1930, this organisation aims to foster international monetary and financial co-operation and serves as a bank for central banks. The HKMA joined this organisation in 1996. In July 1998, this organisation opened its first representative office for Asia and the Pacific in Hong Kong.

  2. This organisation was formed by the G-7 countries in 1999 to assess issues affecting the global financial system, and to identify and oversee the action needed to address these issues. The HKMA attends the regular and special meetings of this organisation to review the implementation of the policy recommendations as well as to exchange views on potential vulnerabilities in the global financial system.

  3. This body serves as a forum of central banks and monetary authorities in the region and was established in 1991 for the purposes of strengthening co-operation among its members. The HKMA participates in all three working groups under this organisation as a member.

  4. Founded in 1944, this organisation is the world’s largest source of development assistance to help developing countries on to a path of stable, sustainable, and equitable growth. The HKMA is responsible for co-ordinating matters relating to the participation of Hong Kong in this organisation. In September 2000, the International Finance Corporation and the International Bank for Reconstruction and Development under this organisation established a joint regional office in Hong Kong.

  5. This organisation is one of the four standing committees under the Bank for International Settlements. The HKMA has regularly been invited to participate in its meetings.

  6. Established in 1989, the goal of this organisation is to advance economic dynamism and a sense of community in the region. Hong Kong is a member of this organisation and HKMA representatives attend the meetings for finance and central bank officials.

  7. This is an international organisation established in 1946. The HKMA is responsible for co-ordinating matters relating to the participation of Hong Kong in this organisation. In September 2000, the Sub-Office of this organisation’s Resident Representative Office in Beijing commenced operation in Hong Kong.

 

 

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