Chief Executive of the HKMA responds to his re-appointment
The following is Mr Eddie Yue’s response to the Financial Secretary's
announcement today (26 July) on his re-appointment as the Chief
Executive of the HKMA for another term of five years, starting October
this year:
“I am honoured to be given the opportunity to
continue to serve Hong Kong in this important role and grateful for
the Financial Secretary’s confidence and trust in me.
Over
the past few years, Hong Kong has had to navigate a number of
challenges, including the social unrest, COVID-19, an increasingly
complex geopolitical landscape and higher interest rates. Despite
these headwinds, our financial system, including the Linked Exchange
Rate System and the banking system, has remained sound and stable. Our
financial sector has continued to thrive, and we have been able to
confirm and enhance our position as an international financial centre.
Our banks, while remaining prudent, have made every effort to support
the real economy and help businesses and the public ride out difficult
times. Throughout these challenges, the HKMA team has discharged its
duties with dedication, professionalism and agility. I would like to
take this opportunity to thank my colleagues for their unwavering
support over the past five years. I would also like to express my
gratitude to the financial industry and the wider community for their
support and trust in the HKMA.
Looking ahead, the
macroeconomic environment, the international financial landscape, and
geopolitics are likely to remain complex and uncertain for some time.
My team and I will remain vigilant and make every effort to keep
things on an even keel and promote further development. Above all, we
are committed to safeguarding monetary and financial stability. We
will also work closely with the industry to better serve and support
the real economy. The continued reform of our country will bring
enormous opportunities for Hong Kong. We will leverage our unique
advantages to further deepen the connectivity with markets on the
Mainland and enhance the city’s role as the global offshore RMB hub.
We will also redouble our efforts in promoting financial technology
and sustainable finance to ensure that Hong Kong continues to stay at
the forefront of these global trends. I believe that consolidating and
expanding Hong Kong’s position as an international financial centre is
the best way for us to contribute to the prosperity of our country and
Hong Kong. ” Hong Kong Monetary Authority 26 July 2024