People familiar with the matter revealed that the Hong Kong Special Administrative Region Government considers the term of the term of office of Yu Weiwen, president of the Financial Administration.
Bloomberg reported on Friday (March 15) quoted anonymous insiders that in order to avoid disturbing the market during the period of economic fragility, the Hong Kong government intends to allow Yu Weiwen, the president of the HKMA since 2019.
People familiar with the matter said that Yu Weiwen, 60 this year, is relatively young and is a veteran in the financial industry.However, the Hong Kong government has not yet made a final decision.The term of office of the President of the Hong Kong Monetary Administration is generally five years.
According to the Sing Tao Daily, Yu Weiwen's current term will be expired at the end of September.According to the past, if you want to find a new presidential candidate, the selection work is generally carried out half a year ago.The first five -year term of Chen Delin, the president of the HKMA before Yu Weiwen, expired at the end of September 2014. The Hong Kong government announced Chen Delin for five years in March of that year.
The Hong Kong HKMA responded to the question that the appointment and renewal of the bureau were handled in accordance with the established mechanism and will be announced in a timely manner.
