Remarks by Norman Chan, Chief Executive of the HKMA at media session

Following are the remarks by Norman Chan, Chief Executive of the Hong Kong Monetary Authority at media session today (25 July):

I welcome the appointment by the Financial Secretary of Mr Eddie Yue to succeed me as the next Chief Executive of the Hong Kong Monetary Authority.

Eddie is the most experienced Deputy Chief Executive in the HKMA.  Over the years he has made numerous contributions in different areas of HKMA’s work.  In particular, he helped the HKMA in making timely and effective responses after the eruption of the Global Financial Crisis, which enabled Hong Kong to sail through the Crisis largely unscathed.  In recent years, he has made many achievements in areas under his supervision, namely reserves management, research, external affairs and financial market development.  Given his competence, profound experience and vision, and extensive network in the financial field, both locally and externally, he is a very suitable person to lead the HKMA in achieving its missions and meeting the challenges in the years ahead.

During the remainder of my term as CE/MA, I will work closely with Eddie to ensure a smooth transition.

Hong Kong Monetary Authority
25 July 2019