Hong Kong Banking System
Hong Kong is renowned as an international financial center because of the number of banks that represent the interest of 32 foreign countries. The Hong Kong banking and financial services is regulated by the Hong Kong Monetary Authority (HKMA). One of the responsibilities of the Hong Kong Monetary Authority is to ensure that the currency of Hong Kong is stable against the other world currencies. It is currently pegged to the US dollar.
The meaning of mortgage refinance is not quite similar with its literary. Refinance in mortgage means the amount of property or asset that you applied in order to pay the other mortgages you have conducted before. This makes the refinance mortgage means the way to lowering your first bad credit mortgage with the second one.

