Economics

Hong Kong Names Eddie Yue as Next Monetary Authority Chief

Yue is the most experienced deputy to outgoing head Chan
HKMA oversees the local currency’s peg to the dollar

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By Alfred Liu and Kari Soo Lindberg

July 24, 2019 at 11:20 PM UTC

Updated on

July 25, 2019 at 9:38 AM UTC

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Eddie Yue will be the next chief executive of the Hong Kong Monetary Authority, succeeding Norman Chan, the city’s government said on Thursday.

Yue, a deputy at the central bank who oversees reserves management, will take over on Oct. 1 from the retiring Chan. He will be in charge of the city’s HK$4 trillion ($512 billion) exchange fund and oversight of the peg to the dollar.