Former HKMA chief executive Joseph Yam Chi-kwong at a rally supporting Carrie Lam Cheng Yuet-ngor in February. He refused to comment to the SCMP on Friday whether he would join Lam’s cabinet. Photo: Sam Tsang

Former HKMA chief Joseph Yam says China quite right to take a cautious approach on allowing the yuan to become freely traded

The next global financial crisis ‘could be even bigger than previous ones’, he adds, that’s why China must be cautious with its currency

Topic |   Currencies

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Former HKMA chief executive Joseph Yam Chi-kwong at a rally supporting Carrie Lam Cheng Yuet-ngor in February. He refused to comment to the SCMP on Friday whether he would join Lam’s cabinet. Photo: Sam Tsang
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