Hong Kong’s central banker on ‘innovation with guardrails’

The chief executive of the Hong Kong Monetary Authority argues that emerging technologies like tokenization and AI can improve inclusion and efficiency if central banks play an active role.

Eddie Yue: Some emerging technologies may have the potential to enhance traditional financial systems by enabling innovative products and services. They may also help make financial operations more efficient and productive, providing linkages to the real-world assets and boosting the real economy.

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Author

  • Eddie Yue has served as chief executive of the Hong Kong Monetary Authority (HKMA) since 2019. He joined the HKMA upon its establishment in 1993, and in various roles has steered policies and initiatives relating to reserves management, research, external affairs and market development. Mr. Yue was also actively involved in tackling major financial crises and played an instrumental role in enhancing the Linked Exchange Rate System.

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