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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) has welcomed the announcement today (July 17) by the Financial Secretary of the Hong Kong Special Administrative Region, Mr John Tsang, of the appointment of Mr Norman Chan as Monetary Authority and Chief Executive of the HKMA with effect from October 1. The Chief Executive of the HKMA, Mr Joseph Yam, said, "Norman Chan is an old friend of the HKMA and colleagues look forward to welcoming him back. Norman has extensive experience of the HKMA's operations and of central banking matters. He is well qualified for the challenges of his new position. We all wish him every success in his new capacity as Chief Executive of the HKMA." Mr Yam added that he and his colleagues would do all they could to help prepare Mr Chan for assuming his responsibilities and to ensure a smooth transition.
For further enquiries, please contact:
Thomas Chan, Communications Chief, at 2878 1480 or
Peggy Lo, Manager (Communications), at 2878 1687
Ends/Friday, July 17, 2009
Issued at HKT 17:48
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