Chan wins another five-year term atop HKMA

Norman Chan at HKMA

Norman Chan has been handed another term as chief executive of the Hong Kong Monetary Authority (HKMA), giving him another five years at the helm once his current term expires in September this year.

Chan, 59, won praise from the financial secretary of Hong Kong John Tsang for leading the HKMA through "the shocks and challenges following the global financial crisis" and for having "maintained the stability of Hong Kong's monetary and financial systems".

Tsang, who made the appointment, also poin

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