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  • Dec 29, 2014
  • Updated: 2:00am

Joseph Yam Chi-Kwong

Yam's monetary weapon of revenge

When someone says he has no ulterior motive, you can be sure that's exactly what he has.

Saturday, 16 June, 2012, 12:00am

Time for informed debate on the peg

As chief of the Hong Kong Monetary Authority, Joseph Yam Chi-kwong was foremost among the defenders of the city's currency peg. He was one of its architects and his commitment to it was his chief legacy. Convention forbade him to think aloud about its future while he remained in office.

14 Jun 2012 - 12:00am

Yam's call to ditch the HK$ peg doesn't stand scrutiny

Joseph Yam Chi-kwong thinks Hong Kong should ditch its long-standing currency peg to the US dollar.

Instead, the former Hong Kong Monetary Authority (HKMA) boss is proposing that the Hong Kong dollar should be managed in a flexible 'corridor' against either the US dollar, the yuan, or perhaps an undisclosed basket of currencies.

13 Jun 2012 - 12:00am

Beijing may do well to heed call for moderation

Beijing should not tighten monetary policy too much or let the yuan appreciate for too long as this could do more harm than good, former Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong said yesterday.

SCMP, May 6

8 May 2011 - 12:00am

Cab Chat

Chief Executive Donald Tsang Yam-kuen told the Legislative Council his views on the 1989 crackdown were similar to those of many Hong Kong people. He made the comments during a question and answer session when the subject of the Tiananmen Square incident was raised. Veteran pro-democracy lawmaker and barrister Margaret Ng Ngoi-yee asked Mr Tsang to clarify his remarks.

25 May 2009 - 12:00am

Thursday Think-tank

1. Joseph Yam Chi-kwong to step down as Monetary Authority chief ... he heard of the civil servants' salary cut and decided he can't get by on less than HK$10.9 million.

2. Noah's Ark park opens ... two of every animal in a small, confined space. Can you imagine what flu and airborne disease was bred after 40 days and 40 nights?

21 May 2009 - 12:00am

There's no need to appoint a successor for Joseph Yam

'Perhaps there are factors that I have failed to see.'

Joseph Yam Chi-kwong, Viewpoint column, HKMA website

October 25

30 Oct 2007 - 12:00am

Smart cards

Monetary Authority boss Joseph Yam Chi-kwong wants a review of the way in which the Octopus cards are managed and issued. Are you happy with the present system, or should it be changed? Write to us.

3 Sep 2007 - 12:00am

Chameleon Joe, developers should tell us the truth

'... Monetary Authority chief executive Joseph Yam Chi-kwong expressed concern to the Legislative Council that the city might not be able to withstand a meltdown in the mainland market and that the city's banks and securities firms should strengthen risk-control systems.'

SCMP, June 5

6 Jun 2007 - 12:00am

Investment tips are just twaddle for greedy stock market punters

Investors should identify their investment goals.

Gov't investment adviser No 1

Investors should have risk management measures in place

Gov't investment adviser No 2

23 Feb 2007 - 12:00am

All above board

An inquiry has cleared the monetary chief and two other senior officials of any misconduct when they bought flats during an internal sale held by a property developer in the early 1990s. But to allay public concerns that officials may abuse their offices to obtain private benefits, the Government will tighten rules on such purchases.

7 Jul 2001 - 12:00am

Laughter dries our farewell tears

Lai See is weeping sentimental tears.

OK, maybe not actual physical tears. That would create mascara hassles. But definitely we've been thinking tear-type thoughts.

This is our final column.

So we thought it fitting that we dedicate our last batch of words to those who have helped us fill our little corner of the back page.

31 Mar 2001 - 12:00am

MPF dangles wrong lure for wrong top executive

The Hong Kong Government operates on the assumption that if it wants top people for top financial posts it has to pay top salaries.

That is why it pays Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong about $8 million a year, far above what he could expect on the civil service pay scale.

9 Feb 1999 - 12:00am

Coin shortage wasting time

The coin shortage problem has persisted for more than a year. The Government has done little to help. It is disappointing that the officials concerned cannot solve even such a small problem. How can we expect them to be able to tackle the financial turmoil which has occurred in the past few months?

3 Feb 1998 - 12:00am

Joseph and his technicolour photo shoots

On the subject of those much-maligned IMF-World Bank press packs, one of the bulkier items is an unashamedly promotional tome on Hong Kong entitled 'Pacific Powerhouse'.

Several leading personalities try to outdo each other on just how positive the future is for the SAR, with some including a picture of themselves.

24 Sep 1997 - 12:00am