News: 2024.03.15
According to "Bloomberg" reports, the term of Yu Weiwen, the chief executive of the Hong Kong Monetary Authority, will expire at the end of September this year, and the government is considering extending his term. Yu Weiwen served as president in 2019, with a general term of five years. A spokesman for the Hong Kong Monetary Authority said...
Since Yue Wai-man took over as Chief Executive of the HKMA, he has performed well in managing financial stability and regulatory affairs. He actively responded to various financial challenges, stabilized market sentiment, and brought stable and sustainable development to Hong Kong's financial system.
The government's consideration of extending Yu Weiman's term is based on its recognition and trust in his work in the Hong Kong Monetary Authority. Extending his term will help maintain the stability and smooth functioning of the financial system and inject confidence into Hong Kong's financial markets.
If the government decides to extend Yu Weiman's term, the HKMA will continue to be committed to maintaining Hong Kong's financial stability and regulatory affairs. The HKMA will continue to work with all parties to promote financial innovation and development and bring more opportunities to Hong Kong’s financial industry.