HKMA head Norman Chan on bank regulation and the renminbi

Norman Chan at HKMA

Hong Kong has faced some turbulent times during the past 15 years, notably with house prices falling close to 70% during a six-year period since 1997 and the economy contracting sharply at that time. What were the most important lessons you learnt?

This region had its share of financial turbulences in the past 15 years, particularly during the Asian Financial Crisis of 1997–98. In Hong Kong we went through almost seven years of painful economic adjustment after the bursting of the property bubbl

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: