The Hong Kong dollar is the official currency of the Hong Kong Special Administrative Region of the People’s Republic of China. The official currency symbol: “$”, “HK$” or “元”.
Three commercial banks have been granted permission by the Hong Kong Monetary Authority to print their own banknotes for public circulation in Hong Kong. The three commercial banks, HSBC, Bank of China, and Standard Chartered, each issue their own banknote designs in values of HK$20, HK$50, HK$100, HK$500, and HK$1000, with all designs in the same denomination looking similar. The Government of Hong Kong, on the other hand, issues the HK$10 notes and all coinage. Oriental Bank Corporation, Chartered Bank of India, Australia and China, and Hong Kong and Shanghai Banking Corporation (HSBC) all began printing notes in the 1860s. In the 1860s and 1870s, there were denominations of 1, 5, 10, 25, 50, 100, and 500 dollars. Although merchants accepted these notes, they were not accepted by the Treasury for payment of government dues and taxes.
Banknotes in denominations of $ 5 or more issued by the three authorized local banks (the Mercantile Bank of India, London and China, the Chartered Bank of India, Australia and China, and the Hongkong and Shanghai Banking Corporation) were recognized legal money by the 1935 Monetary Ordinance. The Legislative Council of Hong Kong revised the Ordinance on the Issuance of Legal Tender Notes as early as the twenty-first century due to the incorporation of Standard Chartered (Hong Kong) on July 1, 2004. Standard Chartered Bank was replaced as one of Hong Kong’s banknote issuing banks by its newly founded subsidiary, Standard Chartered Bank (Hong Kong) Ltd.
The 500 Hong Kong dollars note front design illustrates the Bank of China Tower, a stylized design of a Bauhinia flower and the Bank of China logo.
The reverse of the note presents a view of the High Island Reservoir and its location on a sketch of the Hong Kong map in the background. The lettering of the note is presented in the Chinese and English languages. This note is part of the 2010 – 2015 series, and its color is brown on a multicolor underprint.
Text: 中國銀行（香港）有限公司 ,BANK OF CHINA (HONG KONG) LIMITED, 憑票即付, PROMISES TO PAY THE BEARER ON DEMAND AT ITS OFFICE HERE, 港幣伍佰圓 FIVE HUNDRED HONG KONG DOLLARS 承董事會命
BY ORDER OF THE BOARD OF DIRECTORS 500, 總裁 香港 二〇一五年七月一日, CHIEF EXECUTIVE HONG KONG 1 JULY 2015, 中國銀行（香港）有限公司 BANK OF CHINA (HONG KONG) LIMITED 萬宜水庫 High Island Reservoir.