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  • Dec 28, 2014
  • Updated: 11:22pm

Yam Chi-Kwong

HK's circumstances have not altered enough to invalidate peg to US dollar

Joseph Yam Chi-kwong's recent paper rehearses at length the arguments for and against the Hong Kong peg to the US dollar ('HK 'can ditch dollar peg' - Yam', June 13) and the technical and legal mechanisms surrounding it.

Saturday, 16 June, 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

Yam warns of reversal risk for yuan investors

Investors need to be aware of the risks of investing in yuan as the appreciation of the currency could reverse in the short term, said Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong.

Mr Yam's warning came after he announced yuan deposits in the city surged 72 per cent in the first quarter as more people sought to take advantage of gains in the currency.

29 Apr 2008 - 12:00am

Yam seeks to legitimise fund flows

Fears of capital flight may douse scheme to liberalise financial deals with Shenzhen

Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong has called for liberalised cross-border financial transactions with Shenzhen, a move which may legitimise the flood of illicit money already pouring in from the mainland city.

20 Dec 2007 - 12:00am

Yam warning sparks sell-down in stocks

HKMA chief warns of subprime losses at banks

Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong yesterday warned that the city's banks could post losses because of their subprime investments, prompting investors to join an Asia-wide sell-off sparked by growing global credit crunch fears.

14 Dec 2007 - 12:00am

Yam warns of underground capital

Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong warned that Beijing's restriction on mainlanders investing their foreign currency overseas might 'drive the flow underground'.

30 Nov 2007 - 12:00am

Yam calls for more 'through-train' cities

It makes sense for Beijing to use Tianjin as a pilot city for the 'through-train' scheme, although allowing other cities to run the plan is a good way to manage risks, Hong Kong Monetary Authority chief Joseph Yam Chi-kwong said.

16 Nov 2007 - 12:00am

Stocks dive to have serious impact on HK: Yam

A sharp drop in mainland share prices would have 'serious implications' for Hong Kong's monetary and financial stability, Joseph Yam Chi-kwong, the chief executive of the Hong Kong Monetary Authority, said yesterday.

26 Oct 2007 - 12:00am

Yam warns of subprime fallout

Hong Kong's banking sector may not suffer any systemic risk from the US subprime mortgage problem but that is no reason to be complacent, the Hong Kong Monetary Authority warned yesterday.

7 Sep 2007 - 12:00am

Yam warns of US fallout on stocks

Concerns over United States subprime mortgages will add to volatility in the Hong Kong stock market, Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong warned yesterday.

Mr Yam said some hedge funds might withdraw capital from Hong Kong to cover losses at their subprime mortgage-related investments.

9 Aug 2007 - 12:00am

Yam's commodity call another handout plea

Joseph Yam Chi-kwong, the boss of the Hong Kong Monetary Authority, thinks Hong Kong should have a commodity futures market. The nub of his argument, expounded over the past two weeks in his blog on the HKMA website, seems to be that mainland traders need access to more efficient futures markets.

3 Apr 2007 - 12:00am

Hong Kong brokers won't be happy linking up with Shanghai bandits

'It is clear, at least to me, that there would be big advantages if the two markets for these instruments ['A' shares in the mainland and 'H' shares in Hong Kong] were linked: overall liquidity would be increased, price discovery would be made more efficient, market discipline would be promoted and it would be easier for market players, intermediaries and the authorities to manage risk.'

8 Feb 2007 - 12:00am

Gloom over property gives cause for action

The chief executive of the Hong Kong Monetary Authority has sounded another warning note over the future of the property market. Despite a drop in the number of property owners who are suffering from negative equity, Joseph Yam Chi-kwong said society's ability to withstand any downward adjustments in property values was even weaker than it was in 1997.

6 May 2006 - 12:00am

Yam urges stronger financial role for Hong Kong

Hong Kong must strengthen its role as a financial intermediary with the mainland to avoid being marginalised and maintain its status as an international financial centre, Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong warned.

24 Mar 2006 - 12:00am

Yam stamps on speculators ambiguously

'I am sure that the market will calm down soon. In the meantime, no doubt there will be critical comments again on the asymmetry in the manner in which we operate the Currency Board system, in that there is no formal convertibility undertaking on the strong side of the Link.

9 Oct 2003 - 12:00am