The currency in Hong Kong includes coins issued by the government and bank notes issued by three banks. There are six denominations of banknotes issued: 10 yuan, 20 yuan, 50 yuan, 100 yuan, 500 yuan, 1000 yuan (the banknotes issued by China Bank do not have 10 yuan vouchers); Coins issued by the Hong Kong government include 5 yuan, 2 yuan, 1 yuan, 5 cents, 2 cents, 1 cent and 1 cent notes. Hong Kong implements the Hong Kong dollar issuance system, which is a system for commercial banks to issue paper money. 1845, the British national treasury bank opened, and issued 54,000 yuan banknotes for the first time, creating a precedent for British-funded commercial banks to issue Hong Kong dollars. 1897, Standard Chartered Bank issued banknotes in accordance with the British Magna Carta of 1853, and the following year, HSBC also participated in the issuance of Hong Kong dollar banknotes in accordance with the HSBC Regulations of 1866. Beneficiary banks also participate in currency issuance in accordance with the provisions of 19 1 1. Later, the dominant bank was acquired by HSBC, and its right to issue banknotes was cancelled. Since then, HSBC and Standard Chartered Bank, funded by the United Kingdom, have been note-issuing banks in Hong Kong. 1In May 1994, the Bank of China Hong Kong Branch issued Hong Kong banknotes for the first time, which broke the monopoly of British banks in issuing Hong Kong banknotes. Hong Kong dollars are issued by commercial banks, but there must be 100% foreign exchange as a preparation for issuing paper money.

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