Norman Chan Tak-lam, the chief executive of the Monetary Authority, said the fund needed every cent to cope with unexpected financial crises. Photo: SCMPOST Norman Chan Tak-lam, the chief executive of the Monetary Authority, said the fund needed every cent to cope with unexpected financial crises. Photo: SCMPOST
Norman Chan Tak-lam, the chief executive of the Monetary Authority, said the fund needed every cent to cope with unexpected financial crises. Photo: SCMPOST

Every penny of HK$3 trillion Exchange Fund needed for ‘crises’, says HKMA chief

HKMA chief Norman Chan says not one cent of the HK$3 trillion reserve can be spared for government spending on welfare or infrastructure

Norman Chan Tak-lam, the chief executive of the Monetary Authority, said the fund needed every cent to cope with unexpected financial crises. Photo: SCMPOST Norman Chan Tak-lam, the chief executive of the Monetary Authority, said the fund needed every cent to cope with unexpected financial crises. Photo: SCMPOST
Norman Chan Tak-lam, the chief executive of the Monetary Authority, said the fund needed every cent to cope with unexpected financial crises. Photo: SCMPOST
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