According to a press release dated 24 November 2010, the Hong Kong Monetary Authority (HKMA) and the three note-issuing banks (Standard Chartered Bank (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited, and Bank of China (Hong Kong) Limited) have announced that a new series of 1,000-dollar (US$129) banknotes will be issued on 7 December 2010. New notes for the other four denominations of HK$500, HK$100, HK$50 and HK$20 will go into circulation in 2011 and 2012. The new notes will circulate in parallel with existing notes.
The new banknotes have incorporated state-of-the-art security features, the locations of which will be the same across all five denominations. The five key features are:
- Dynamic Color-changing Pattern — color shifting between green and gold with a shimmering horizontal bar seen to be rolling up and down when the note is tilted
- Color-changing Windowed Metallic Thread — color shifting between magenta and green and the "H" and "K" on the thread are made up of microtext
- Standardized Enhanced Watermark — comprising a multi-tonal watermark of a bauhinia flower and electrotype watermark of the denomination numeral and dot pattern, a standardized design for the three note-issuing banks
- Fluorescent See-through Pattern — perfect registration of the patterns on the front and back, with two fluorescent colors visible under ultraviolet light
- Fluorescent Serial Number — the vertical serial number is fluorescent red under ultraviolet light