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The Chief Executive, Mr Donald Tsang, today (May 19) issued the following statement on the departure of the Chief Executive, Hong Kong Monetary Authority (HKMA), Mr Joseph Yam, in October this year:
"Mr Joseph Yam is a competent, committed and outstanding leading financial official.
Under his leadership, the HKMA has established a sound mechanism and has enhanced Hong Kong's status as an international financial centre by actively taking part in world financial affairs. Mr Yam is also devoted in developing local Renminbi businesses so as to expand the scope of financial activities in Hong Kong.
Mr Yam has been my comrade in arms for years. He acted in concert with the SAR Government in 1998 to help Hong Kong overcome the Asian financial turmoil. Under the present financial tsunami, Hong Kong's banking system has remained stable.
Mr Yam has been working whole-heartedly for Hong Kong and has made tremendous contributions. I hope after he has left the HKMA, he could continue to serve Hong Kong and the motherland in other positions."
Ends/Tuesday, May 19, 2009
Issued at HKT 16:44
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