Joseph Yam Chi-kwong, former head of the HKMA, pictured in 2018. Photo: Edmond SoJoseph Yam Chi-kwong, former head of the HKMA, pictured in 2018. Photo: Edmond So
Joseph Yam Chi-kwong, former head of the HKMA, pictured in 2018. Photo: Edmond So

Currency peg vital for Hong Kong’s status as global finance centre even as US dollar declines, says former monetary authority chief Joseph Yam

  • Yam, who helped set up the peg in 1983, still believes it is in the best interests of Hong Kong because it gives confidence to international investors
  • US unlikely to ‘weaponise’ the peg or capital markets as it would hurt itself in the process, says Yam

Topic |   Hong Kong Monetary Authority (HKMA)
Joseph Yam Chi-kwong, former head of the HKMA, pictured in 2018. Photo: Edmond SoJoseph Yam Chi-kwong, former head of the HKMA, pictured in 2018. Photo: Edmond So
Joseph Yam Chi-kwong, former head of the HKMA, pictured in 2018. Photo: Edmond So
READ FULL ARTICLE
Close
We need your support

Advertising helps us continue to provide quality content. Help support us by disabling your adblocker on our site.

How to whitelist us:
  1. 1
    Click on the AdBlock icon at the top right corner of your browser.
    For iOS, go to Settings/Safari/Content Blockers and turn it off.

    For Android, go to your Ad blocker app/Settings and turn it off.
  2. 2
    Click Enabled on this site until the text reads Disabled on this site.
  3. 2
    Click the cross icon on the top right corner to close this window and refresh the page.
  4. 3
    Click the cross icon on the top right corner to close this window and refresh the page.