The Hong Kong Monetary Authority issues an update on the commitment statement for the "Global Code of Conduct for the Foreign Exchange Market."

The Hong Kong Monetary Authority issued a statement committing to the update of the "Global FX Market Code" today. Given that the Global FX Market Committee updated the relevant guidelines in December 2024, the HKMA reaffirms its commitment to adhere to the updated guidelines when acting as a market participant in the foreign exchange market. The "Global FX Market Code" is a set of good conduct guidelines applicable to the global foreign exchange market, aimed at providing common guidance to improve the integrity and effective operation of the wholesale foreign exchange market. This code was developed in collaboration with central banks and market participants in multiple regions, including Hong Kong.