Hong Kong must play an active role in developing an international network for cross-border business in the yuan if it is to maintain its leadership in a global market for the currency that could grow by 300 per cent over the next decade, Hong Kong Monetary Authority chiefWednesday, 19 February, 2014, 12:40am 1 comment
Monetary Authority chief executive Norman Chan Tak-lam and top Standard Chartered executives yesterday met more than 150 businesspeople in Dubai to pitch Hong Kong's yuan services.
Although the yuan is not fully convertible, Beijing has since 2009 encouraged the use of the currency for trade settlements and investment services.23 Jan 2013 - 3:55am
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.20 Aug 2012 - 5:37am
As a boy, Hong Kong Monetary Authority chief executive Norman Chan Tak-lam wasn't given many toys.
But he had a plentiful supply of pencils and stationery awarded to him by his teachers for his outstanding academic work.20 Aug 2012 - 4:51am
The former chief of the Hong Kong Monetary Authority (HKMA) Joseph Yam Chi-kong is likely to be reprimanded in an investigation report to be released by lawmakers today on the Lehman Brothers minibond scandal.6 Jun 2012 - 12:00am
Banking professionals are in an industry that requires constant upgrades to their skills to meet the demands in the financial market.24 Sep 2011 - 12:00am
Hong Kong Monetary Authority chief executive Norman Chan has tried to entice the City of London to co-operate in delivering yuan products and services to Europe.
Chan made his appeal at an investment symposium attended by more than 1,700 companies in London on Tuesday, the largest overseas trade event organised by the Hong Kong Trade Development Council.15 Sep 2011 - 12:00am
In the past few days both Financial Secretary John Tsang Chun-wah and Monetary Authority chief Norman Chan Tak-lam have spoken out to defend Hong Kong's currency peg to the US dollar.16 Aug 2011 - 12:00am
Month-on-month growth in yuan deposits in Hong Kong decelerated last month, with deposits expanding by only 4.8 billion yuan compared to the 46 billion yuan monthly average of the first five months of the year, Monetary Authority chief executive Norman Chan Tak-lam said in his latest blog post. Yuan deposits had grown to 550 billion yuan at the end of last month.29 Jul 2011 - 12:00am
Norman Chan Tak-lam, chief executive of the Hong Kong Monetary Authority, received HK$8.4 million in pay and benefits last year.
That was more than the combined earnings of the bosses of the European Central Bank and America's Federal Reserve, Jean-Claude Trichet and Ben Bernanke.22 Apr 2011 - 12:00am