Eddie Yue Secures Another Term As Chief Executive Of HKMA

HONG KONG, July 26 (Bernama-Xinhua) -- Hong Kong Financial Secretary Paul Chan announced Friday the reappointment of Eddie Yue as Chief Executive of the Hong Kong Monetary Authority (HKMA) for a five-year term starting October 1, reported Xinhua.

Chan praised Yue's leadership, noting that the HKMA has maintained stability in Hong Kong's money market and banking system, contributing to its financial security.

The HKMA has been making great strides in promoting the development of Hong Kong as an international financial centre, and has promoted financial inclusion in response to the needs of the public and small and medium-sized enterprises, Chan noted.

"I am confident that Eddie will continue to lead the HKMA effectively in the coming five years, and make further contributions to Hong Kong's financial, economic, and social progress," he said.

Yue said in a statement released after the Friday announcement that he is honoured to be allowed to continue to serve Hong Kong in this important role.

"Looking ahead, the macroeconomic environment, the international financial landscape, and geopolitics are likely to remain complex and uncertain for some time," said Yue. "My team and I will remain vigilant and make every effort to keep things on an even keel and promote further development."

He pledged efforts to safeguard monetary and financial stability, support the real economy, deepen connectivity with markets on the Chinese mainland, and enhance Hong Kong's role as a global offshore renminbi hub.

Yue has served as the chief executive of the HKMA since October 2019.  

--BERNAMA-XINHUA