Alvin Lang
26 July 2024 08:01
Eddie Wee has been reappointed as Chief Executive of the Hong Kong Monetary Authority for a five-year term starting in October 2024.
Eddie Wee has been reappointed as Chief Executive of the Hong Kong Monetary Authority (HKMA) for a five-year term starting in October 2024. According to the HKMA, the Financial Secretary announced this on 26 July 2024.
Wei’s response to the reappointment
In response to the reappointment, Wei expressed gratitude for the financial secretary’s trust and confidence. “I am honoured to have the opportunity to continue to serve Hong Kong in this important role,” he said.
Wei highlighted the challenges Hong Kong has faced in recent years, including social unrest, the COVID-19 pandemic, a complex geopolitical environment and rising interest rates. He noted that despite these obstacles, Hong Kong’s financial system, including the linked exchange rate system and banking sector, has remained robust and stable.
Achievements and future plans
Wei highlighted the achievements of the HKMA over the past five years, particularly the resilience and growth of the financial sector. He praised the HKMA team for their dedication and professionalism in maintaining stability and supporting the real economy during difficult times.
Looking ahead, Yue acknowledged the ongoing complexity of the macroeconomic environment and the international financial environment. He pledged to maintain vigilance and promote further development while safeguarding currency and financial stability. Yue also mentioned plans to deepen connections with the mainland market and strengthen Hong Kong’s role as a global offshore RMB hub.
We also stressed the importance of promoting financial technology and sustainable finance to keep Hong Kong at the forefront of global trends. “Consolidating and expanding Hong Kong’s status as an international financial centre is the best way for us to contribute to the prosperity of our country and Hong Kong,” he said.
Wei’s reappointment demonstrates the Hong Kong government’s confidence in his leadership and the strategic direction of the HKMA amid a rapidly changing financial environment.
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