Joseph Yam
HKMA Exchange Fund posts HK$35 billion H1 loss
The Hong Kong Monetary Authority's (HKMA) Exchange Fund recorded a loss of HK$35 billion ($4.49 billion) in the first half of the year as its equity portfolio took a substantial hit.
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.
HKMA's Yambo: we will work with Shanghai
Hong Kong and Shanghai will cooperate, rather than compete, with one another to improve the status of south-east Asia as a global hub for finance, Joseph Yam, the chief executive of the territory's monetary authority, said.
HK's Yam on ominous central bank injections
Joseph Yam, the chief executive of the Hong Kong Monetary Authority, said on Tuesday that the continued need for central banks to inject extra funds was "not a good sign."
HKMA's Yam set for 2009 exit
Joseph Yam, the chief executive of the Hong Kong Monetary Authority, will step down in 2009 according to government sources.
Yam hails innovation but urges caution
"The forces generated by financial innovation need to be properly harnessed," Joseph Yam, the chief executive of the Hong Kong Monetary Authority said on Monday.
HKMA applauds move to free up mainland markets
Joseph Yam, the chief executive of the Hong Kong Monetary Authority (HKMA), has said he welcomes a pilot scheme that will allow investors from mainland China to invest directly in Hong Kong securities.
HKMA's Yam on renminbi bonds
Renminbi-denominated bonds in Hong Kong are part of a bigger picture for both Hong Kong and the Mainland, writes Joseph Yam.
Yam warns investors to 'fasten safety belts'
Hong Kong Monetary Authority chief executive Joseph Yam said on Wednesday 21 February that the People's Bank of China's decision to raise the reserve requirement ratio on deposits will have little impact on mainland lenders.
HKMA says real-time bond system ready 5-6 weeks
The real-time settlement system for yuan-denominated bond issues in Hong Kong will be ready in 5-6 weeks, HKMA chief executive Joseph Yam said in Beijing Tuesday 16 January.
Malaysia, Hong Kong launch payment link
Bank Negara Malaysia (BNM) and the Hong Kong Monetary Authority launched a new cross-border payment-vs-payment link between Hong Kong's US dollar real time gross settlement (RTGS) system and Malaysia's ringgit RTGS system, the BNM said Monday 13 November.
HKMA's Yam on one country, two financial systems
In the speech 'One country, two financial systems' given on 20 October Joseph Yam of the HKMA said as the fundamental role of the financial system is financial intermediation the comparison should usefully be made in respect of the three channels of…
Hong Kong unlikely to use yuan as reserve currency
The Hong Kong Monetary Authority is unlikely to use the yuan anytime soon as one of its reserve currencies, HKMA chief executive Joseph Yam said Thursday 29 June.
HKMA's Yam on East Asian financial markets
In the speech 'East Asian financial markets - The next frontier' given on 22 June Joseph Yam of the Hong Kong Monetary Authority said the successful experience of Asian Bond Fund has laid a strong foundation for enhanced regional cooperation by central…
HKMA's Yam rejects calls to dump dollar peg
The Hong Kong Monetary Authority has said it would resist pressure to re-peg the Hong Kong dollar away from the U.S. dollar and onto the Chinese yuan.
Renminbi Settlement System goes live
The Hong Kong Monetary Authority (HKMA) and the Bank of China (Hong Kong) Limited (BOCHK) jointly announced on Thursday 2 March the launch of the new Renminbi Settlement System (RSS) on 6 March 2006.
HKMA's Yam on the euro
In the speech 'The euro: Lessons for European and Asian financial markets' given on 24 February Joseph Yam of the HKMA said the integration of financial markets in the Asia-Pacific region can be accelerated if financial and monetary authorities in the…
HKMA: Four pointers to financial stability
In a commentary published by the Hong Kong Monetary Authority, HKMA Chief Executive Joseph Yam says open, medium-sized and sophisticated international financial centres are attractive to international fund flows, which are often volatile. The task of…
'Keep it simple' says Hong Kong's Yam
In a speech at the Global Bond Summit in Hong Kong this week, Joseph Yam, Chief Executive of the Hong Kong Monetary Authority, identified "possible directions to be explored" by the Asian Bond Fund.
Hong Kong loosens its dollar's 22-year peg
Hong Kong Monetary Authority chief Joseph Yam said on Thursday 19 May that a decision to loosen the Hong Kong dollar's 22-year peg to the US dollar won't encourage banks to raise interest rates sharply and hurt businesses.
HKMA Annual Report 2004
The Hong Kong Monetary Authority on Tuesday 19 April published its Annual Report for 2004. The Report reviews trends and events in monetary and banking affairs and reports on the HKMA's work during the year. It also sets out plans for the coming year.
Zhou Xiaochuan appointed Chairman of the BIS ACC
The Board of Directors of the Bank for International Settlements announced on Monday 7 March that Zhou Xiaochuan, Governor of The People's Bank of China, will become Chairman of the BIS Asian Consultative Council (ACC).
Hong Kong's Yam on cb authority and transparency
In a speech on 'Central bank authority, accountability, transparency and effectiveness' given on 18 November, Joseph Yam of the Hong Kong Monetary Authority said there has been a shift in the approach to transparency in recent years, from a broad…
HKMA's Yam on the challenges of an emerging Asia
In a speech on 'The financial stability challenges of an emerging Asia' given on 25 October, Joseph Yam of the Hong Kong Monetary Authority gave one of the most high-profile endorsements of an Asian monetary union, saying countries in the region should…