The Hong Kong government has appointed Eddie Yue to a second five-year term as Chief Executive of the Hong Kong Monetary Authority (HKMA), commencing in October.
Eddie, who has been with the HKMA since its establishment in 1993, will continue to navigate Hong Kong through a complex financial landscape.
“I am confident that Eddie will continue to lead the HKMA effectively in the coming five years and make further contributions to Hong Kong’s financial, economic, and social progress,”
said Financial Secretary Paul Chan Mo-po, announcing the reappointment.
Eddie’s first term coincided with a challenging period marked by rising interest rates and the impact of the Covid-19 pandemic.
“Under the leadership of Eddie, the HKMA has maintained the stability of Hong Kong’s money market and banking system,”
Paul said.
He added that the Exchange Fund has achieved investment income despite global uncertainties.
Eddie’s efforts include the Global Financial Leaders’ Investment Summit, attracting top executives from global banks and financial firms to Hong Kong.
“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,”
Eddie said.
“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,”
he added.
Eddie’s pay will increase by 5.7 percent in his second term to around HK$7.4 million (US$947,900), with a potential bonus of up to HK$2.3 million.
Featured image credit: Edited from Freepik
