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  • November 23, 2014
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Results 1 - 10 of 762 for norman chan tak-lam

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  1. Business - Economy - ECONOMY

    HKMA chief Norman Chan Tak-lam braces for a global slowdown

    Posted Aug 20th 2012, 12:00am by Enoch Yiu

    ... Norman Chan Tak-lam, the Hong Kong Monetary Authority's CEO, is cautious about risks related to the tough global economic conditions facing the city, as well as the local real estate bubble. "The economic signal is mixed," said Chan. "On the one hand, Hong Kong's economy may be affected by the economic downturns in the United States and Europe. On the other hand, ...

  2. Business - Economy - POLICY

    Let cross-border payments use the yuan says Hong Kong's monetary chief

    Posted Feb 22nd 2013, 12:00am by KANIS LI

    ... Kong's de facto central bank chief, Norman Chan Tak-lam, has called for changes to allow cross-border transactions settled in United States dollars to be payable in yuan. The move could be followed by a further relaxation of cross-border flows of yuan in both directions, Chan said, in tandem with the liberalisation of the mainland's capital account. "This will not only help ...

  3. Business - Comment - MONITOR

    The yuan hasn't overtaken the HK$ quite yet, Mr Chan

    Posted Jun 19th 2013, 12:00am by Tom Holland

    ... overtaken the HK$ quite yet, Mr Chan According to the Hong Kong Monetary Authority the yuan has now overtaken the Hong Kong dollar in Hong Kong itself. Monday's edition of the Post quoted the boss of the HKMA, Norman Chan Tak-lam, proclaiming that in May the value of yuan interbank payments cleared through Hong Kong's real-time gross settlement system, or RTGS, surpassed ...

  4. Business - Banking & Finance - REMUNERATION

    Monetary authority chief's salary tops HK$9.4m

    Posted Apr 27th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com City's monetary authority chief now earns six times more than head of US Federal Reserve Norman Chan's wages top HK$9.4m The chief executive of the Hong Kong Monetary Authority received a pay rise of 4.1 per cent last year, giving him a total take-home annual salary of HK$9.41 million. While Norman Chan Tak-lam's basic salary remained ...

  5. Business - Comment - MONITOR

    50pc property slump would see 57,000 in negative equity

    Posted Feb 06th 2013, 12:00am by Tom Holland

    ... Tom Holland That seems a lot but don't worry Norman Chan – even such a deep downturn would not undermine the stability of the city's banking system 50pc property slump would see 57,000 in negative equity Norman Chan Tak-lam is a worried man. Addressing a Legislative Council panel on Monday, the head of the Hong Kong Monetary Authority complained that household debt level ...

  6. Business - Comment - JAKE'S VIEW

    HKMA chief's household debt fears overblown

    Posted May 07th 2013, 12:00am by Jake Van Der Kamp

    ... look at some specifics here; for instance, that bit about rampant consumer spending, which so concerns Norman Chan Tak-lam, the chief executive of the Hong Kong Monetary Authority. He appears ... It shows that the ratio of consumer spending to GDP is pretty much what it was in 2005 and well down from earlier record highs. Come on, Norman, get with the show. We don't expect howlers like ...

  7. Business - Comment - WHITE COLLAR

    In the race for yuan trade, Hong Kong must raise its game

    Posted Apr 30th 2013, 12:00am by Enoch Yiu

    ... likely to link its offshore yuan policies with its diplomatic measures. Hong Kong Monetary Authority chief executive Norman Chan Tak-lam last Thursday announced that Hong Kong would in June ... requirements to allow banks to use less capital for yuan business and hence encourage them to offer more yuan loans and other products. Chan told the media that these measures were not aimed ...

  8. News - Hong Kong - PROPERTY

    Property tightening measures break new ground, say bankers

    Posted Feb 23rd 2013, 12:00am by ENOCH YIU AND KANIS LI

    ... property prices. This is the sixth round of measures taken by the HKMA to rein in housing prices since 2009, but the steps announced yesterday by its chief executive, Norman Chan Tak-lam ... home. Prior to that, all the measures taken had targeted buyers of luxury homes. Chan said Hong Kong faced "an extremely unusual macro-monetary environment" in which many overseas ...

  9. Business - Comment - MONITOR

    Why the HKMA should fret over consumer debt

    Posted May 07th 2013, 12:00am by Tom Holland

    ... with the front page. In his column today, Jake pours a bucket of cold water over the boss of the Hong Kong Monetary Authority, Norman Chan Tak-lam, who warned last week that Hongkongers were in danger ... As a result, Norman Chan is right to be concerned about household debt levels. And Jake, admirable chap though he is, is wrong. tom.holland@scmp.com ...

  10. News - Hong Kong - PROPERTY

    New stamp duties trigger last minute push for flat sales

    Posted Feb 23rd 2013, 12:00am by Olga Wong, Peggy Sito, Enoch Yiu and Paggie Leung

    ... Kong's red-hot property market. In the five hours after Financial Secretary John Tsang Chun-wah and Hong Kong Monetary Aurthority chief Norman Chan Tak-lam announced new measures to head off ...




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