The Currency Board Sub-Committee

The Currency Board Sub-Committee monitors and reports on the Currency Board arrangements that underpin Hong Kong's Linked Exchange Rate System. It is responsible, among other things, for ensuring that Currency Board operations are in accordance with established policy, recommending improvements to the Currency Board system, and ensuring a high degree of transparency in the operation of the system. Records of the Sub-Committee's meetings and the reports on Currency Board operations submitted to the Sub-Committee are published regularly.

Chairman
  • Mr Eddie YUE, JP
    The Monetary Authority
Members
  • Mr Arthur YUEN, JP
    Deputy Chief Executive
    Hong Kong Monetary Authority
  • Mr Howard LEE, JP
    Deputy Chief Executive
    Hong Kong Monetary Authority
  • Mr Edmond LAU
    Senior Executive Director
    Hong Kong Monetary Authority
  • Dr John GREENWOOD
    Group Chief Economist
    Invesco Asset Management Limited
  • Professor Lawrence J. LAU, GBS, JP
    Ralph and Claire Landau Professor of Economics
    The Chinese University of Hong Kong
  • Dr David WONG Yau-kar, GBS, JP
    Chairman
    Mandatory Provident Fund Schemes Authority
  • Dr PENG Wensheng
    Global Chief Economist and Head of Research
    Everbright Securities Limited
  • Professor CHEUNG Yin-wong
    Hung Hing Ying Chair Professor of International Economics
    Department of Economics and Finance, City University of Hong Kong
  • Professor LIN Chen
    Chair of Finance and Stelux Professor in Finance
    Faculty of Business and Economics, The University of Hong Kong
  • Mrs Helen CHAN, SBS, JP
  • Ms Mary HUEN Wai-yi
    Chairperson
    The Hong Kong Association of Banks
Secretary
  • Ms Carrie CHAN
    Head (Corporate Development)
    Hong Kong Monetary Authority
Terms of Reference
  1. To ensure that the operation of the Currency Board arrangements in Hong Kong is in accordance with the policies determined by the Financial Secretary in consultation with the Exchange Fund Advisory Committee (EFAC).
  2. To report to the Financial Secretary through EFAC on the operation of the Currency Board arrangements in Hong Kong.
  3. To recommend, where appropriate, to the Financial Secretary through EFAC, measures to enhance the robustness and effectiveness of the Currency Board arrangements in Hong Kong.
  4. To ensure a high degree of transparency in the operation of the Currency Board arrangements in Hong Kong through the publication of relevant information on the operation of such arrangements.
  5. To promote a better understanding of the Currency Board arrangements in Hong Kong.

Last revision date : 01 October 2019