Formal Opening of IMF Sub-Office in Hong Kong

The International Monetary Fund (IMF) opened a sub-office in Hong Kong today (11 January 2001). The Managing Director of the IMF, Mr Horst Köhler (2^nd from right) officiated the sub-office's opening at a luncheon reception. Mr Liu Tinghuan, Deputy Governor of the People's Bank of China (2^nd from left), and Mr Joseph Yam, Chief Executive of the Hong Kong Monetary Authority (1^st from right), attended the reception as guests of honour. The first Resident Representative of the Hong Kong sub-office is Mr William Lee (1^st from left).

The sub-office will function as a subsidiary unit of the IMF Resident Representative Office in Beijing. It will enhance the IMF's surveillance of economic and financial developments in Hong Kong, and help the IMF better understand economic and financial issues in Hong Kong and the region.

For further enquiries, please contact:

Jasmin Fung, Manager (Press), at 2878 8246 or
Caitlin Wong, Manager (Press), at 2878 1687

Hong Kong Monetary Authority
11 January 2001

Related Press Release:

• IMF Managing Director Horst Köhler Opens Hong Kong Sub-Office

Related Speech:

• Opening of the IMF's Hong Kong SAR Resident Representative Office Remarks by the Managing Director Horst Köhler