Established by the Hong Kong Monetary Authority in August 1999, the Hong Kong Institute for Monetary Research (HKIMR), has conducted research in the fields of monetary policy, banking and finance that are of strategic importance to Hong Kong and the Asia region. Since June 2019, the HKIMR has become the Hong Kong Institute for Monetary and Financial Research, a subsidiary of the Hong Kong Academy of Finance, with the mission to serve as a repository of knowledge in monetary and financial research, including applied research.