HKMA's Yam on Asia's prospects

Asia is a region of rising global importance, particularly in terms of finance, says Joseph Yam, the chief executive of the Hong Kong Monetary Authority.

"Whether it is the volume of foreign-exchange reserves or the growth of foreign-exchange turnover or the amount of savings that needs to be mobilised for promoting economic growth and development, Asia is likely to occupy top position in the world, if it is not already there," Yam says.

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