Hong Kong Monetary Authority (HKMA) is a government agency based in Hong Kong. HKMA was established in 1935 by merging the Office of the Exchange Fund with the Office of the Commissioner of Banking. Its main functions and responsibilities are governed by the Exchange Fund Ordinance and the Banking Ordinance and it reports to the Financial Secretary. HKMA's primary objective is to affect, either directly or indirectly, the exchange value of the currency of Hong Kong. The agency also maintains the stability and integrity of Hong Kong's monetary and financial systems to help maintain Hong Kong as an international financial center. The assets of the agency are managed by the banking advisory committee.Hong Kong Monetary Authority's investment portfolio is valued at HKD$4.29 trillion, with investments in domestic and international equity, fixed income, private equity, and cash.