Crony Central Banking in Hong Kong
Joseph Yam, the head of the Hong Kong Monetary Authority (HKMA) and a career civil servant, is retiring. Choosing his successor provides an important opportunity to send the right signal that Hong Kong stands for good public governance rather than cronyism.
https://prosyn.org/ZAAE4iL
HONG KONG – Joseph Yam, the head of the Hong Kong Monetary Authority (HKMA) and a career civil servant, is retiring. Ordinarily, that should not be a newsworthy event, yet it is, and for good reasons.