The Hong Kong Monetary Authority ("HKMA") renewed its Statement of Commitment to the FX Global Code on 6 November 2025, demonstrating adherence to the December 2024 version of the code. This commitment underscores the HKMA's role in promoting integrity and effective functioning in the wholesale FX market.
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Today, the Hong Kong Monetary Authority ("HKMA") reaffirmed its commitment to the Foreign Exchange ("FX") Global Code by renewing its Statement of Commitment (Annex). This action underscores the HKMA's dedication to adhering to the Code when participating in the global FX market, aligning with the December 2024 update of the Code by the Global Foreign Exchange Committee ("GFXC").
The FX Global Code represents a comprehensive set of international principles governing good practice in the wholesale FX market. These principles are designed to promote integrity and effective market functioning. Developed jointly by central banks and market participants from various jurisdictions, including Hong Kong, the Code has undergone updates in July 2021 and December 2024.
The HKMA's first Statement of Commitment was issued in May 2018, with the latest renewal occurring in July 2022. The HKMA continues its collaboration with other GFXC members to foster compliance with the Code throughout the global FX market. Further information on the latest version of the Code and the GFXC can be found at the official website: http://www.globalfxc.org.
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