Hong Kong government considers extending Eddie Yue's term as HKMA leader amid market challenges.
Hong Kong's government is considering extending the term of Eddie Yue, the world's highest-paid central banker and leader of the Hong Kong Monetary Authority (HKMA), to prevent market disruption in the current challenging period for the Asian financial hub. Yue, 59, has led the HKMA since 2019 and manages the city's $517 billion war chest, maintaining its currency peg to the US dollar. The decision is not final and remains subject to change.
March 15, 2024
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