Joseph Yam


Factors that affect Hong Kong's property market are well-documented, and they only occasionally include the city's currency peg to the US dollar.

Friday, 6 July, 2012, 12:00am

Sharing secrets and courting media is simply irresponsible

There has been a general breakdown of moral ethics in political behaviour in Hong Kong, and the situation is deteriorating quickly.

22 Jun 2012 - 12:00am

Keep peg, ex-stock exchange chief says

The former chairman of Hong Kong Exchanges and Clearing says the city's currency peg to the US dollar should stay and any evaluation of the system should be done internally, not in public.

17 Jun 2012 - 12:00am

Yam's monetary weapon of revenge

When someone says he has no ulterior motive, you can be sure that's exactly what he has. So when Joseph Yam Chi-kwong wrote that he was 'allergic' to politics, in his bombshell paper raising the possibility of ditching the Hong Kong-US dollar peg, you could spot the disingenuous statement a mile away.

16 Jun 2012 - 12:00am


In defence of challenging rubber stamp

I take issue with Louisa Chan's views in her letter ('Bad influence on younger generation', June 10).

15 Jun 2012 - 12:00am

Dollar peg fits nicely with Hong Kong's way of life

We may have one country, two systems - but just how many currencies does China need? The answer from most in the financial world is to maintain the status quo, at least until the yuan becomes fully convertible.

14 Jun 2012 - 12:00am

Yam's paper on the peg goes beyond the money

In addition to raising speculation about the future of the Hong Kong dollar, Joseph Yam Chi-kwong's controversial paper on the city's monetary system has led to speculation about his own motives and political aspirations.

14 Jun 2012 - 12:00am

It's all down to a question of timing

The timing of former central banker Joseph Yam Chi-kwong's call for a review of the Hong Kong-US dollar peg could be a bid to press incoming leader Leung Chun-ying to address the issue, political observers said yesterday.

14 Jun 2012 - 12:00am

HK 'can ditch dollar peg' - Yam

Former central banker Joseph Yam Chi-kwong, who 29 years ago helped create the Hong Kong-US dollar peg, yesterday triggered wild debate by saying the city could 'do away with the exchange rate target' to curb inflation and asset bubbles.

13 Jun 2012 - 12:00am

'Too-hasty' Yam gets taken down a peg

Joseph Yam Chi-kwong may have insisted it was just a regular citizen's expression of opinion when he released a paper on Hong Kong's currency peg yesterday, but the government took it so seriously that Yam's successor as central banker, Norman Chan Tak-lam, responded even before he made it public.

13 Jun 2012 - 12:00am

Yam stirring up a hornets' nest

Since 1983, when pegging the Hong Kong dollar to the US dollar helped soothe frightened members of the public, some of whom had started to demand payment in US dollars, the linked exchange rate mechanism has been sacrosanct.

For many in Hong Kong, changing the peg would be like repainting the ceiling of the Sistine Chapel or turning the Taj Mahal into a shopping mall.

13 Jun 2012 - 12:00am

A one-trick pony or master of his realm?

Joseph Yam Chi-kwong may once have been the world's highest paid central banker, but that wasn't why the former Hong Kong Monetary Authority chief executive was nicknamed 'tsar' of the local financial sector.

11 Jun 2012 - 12:00am

Fix the cracks in securities oversight

A Legco report has laid some of the blame for the Lehman Brothers minibond fiasco at the door of the city's officials, principally former Hong Kong Monetary Authority chief Joseph Yam Chi-kwong. Their defenders have cried foul, with one saying Yam should not take the blame for the global financial crisis.

9 Jun 2012 - 12:00am

Lehman criticism played down

Two senior government officials should not be held politically accountable for the Lehman Brothers investment fiasco of 2008, the head of a legislature subcommittee on the issue said yesterday.

8 Jun 2012 - 12:00am

Banks oppose call for SFC oversight

Stockbrokers have welcomed a Legislative Council subcommittee report's call for a single body to regulate the investment market.

However, bankers oppose any change from the status quo in which the Securities and Futures Commission (SFC) supervises brokers, and the de facto central bank oversees financial institutions.

7 Jun 2012 - 12:00am