Hong Kong appoints Eddie Yue to head city's de facto central bank

Pedro Gonçalves
clock • 1 min read

The Hong Kong government has announced that Eddie Yue will be the new chief executive of the city's Monetary Authority, from October 1. Yue, currently one of the HKMA's three deputy chief executives, will succeed Norman Chan, who has completed two five-year terms. The HKMA is responsible for Hong Kong's banking and monetary stability, and has a goal of maintaining currency stability under the city's linked exchange rate mechanism, which has seen the Hong Kong dollar pegged to the US dollar since 1983. Financial Secretary Paul Chan Mo-po announced the appointment on Thursday, saying...

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