HKMA Adds Bao Mingyou as its Senior Advisor to Kindle China, HK Cooperation
- Mr. Mingyou will be helping fill a void created by Huo Yingli – the appointment was approved and backed by the People's Bank of China (PBoC).
The Hong Kong Monetary Authority (HKMA), the government authority in Hong Kong responsible for maintaining monetary and banking stability, has appointed Bao Mingyou as its Senior Advisor, whose appointment is tendered with immediate effect, according to an HKMA statement.
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In his new role as a Senior Advisor to the HKMA, Mr. Mingyou will be helping fill a void created by Huo Yingli – the appointment was approved and backed by the People's Bank of China (PBoC).
He will be responsible for offering his perspective and assistance across key areas of financial cooperation and symbiosis between Hong Kong and Mainland China. This includes a specific focus on the development of renminbi businesses in Hong Kong, along with parallel ambitions in Mainland China for Hong Hong’s interests.
Prior to the appointment, Mr. Mingyou served as the Chief Representative of the PBoC's Representative Office for Europe, having guided the country’s interests in the European financial realm. Following the move, Ms. Yingli has returned to the PBoC after the duration of her secondment with the HKMA.
Hong Kong has been in focus lately, with HSBC, among others, grappling with the notion of relocating a large portion of its operations out of London. These rumors ultimately amounted to little but speculation however, following yesterday’s announcement that HSBC would indeed remain in London, a financial Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term that has itself been the site of a mass exodus of financial personnel over the past year.
The Hong Kong Monetary Authority (HKMA), the government authority in Hong Kong responsible for maintaining monetary and banking stability, has appointed Bao Mingyou as its Senior Advisor, whose appointment is tendered with immediate effect, according to an HKMA statement.
Can you pass the Finance Magnates exam? Give it a go, there are prizes...
In his new role as a Senior Advisor to the HKMA, Mr. Mingyou will be helping fill a void created by Huo Yingli – the appointment was approved and backed by the People's Bank of China (PBoC).
He will be responsible for offering his perspective and assistance across key areas of financial cooperation and symbiosis between Hong Kong and Mainland China. This includes a specific focus on the development of renminbi businesses in Hong Kong, along with parallel ambitions in Mainland China for Hong Hong’s interests.
Prior to the appointment, Mr. Mingyou served as the Chief Representative of the PBoC's Representative Office for Europe, having guided the country’s interests in the European financial realm. Following the move, Ms. Yingli has returned to the PBoC after the duration of her secondment with the HKMA.
Hong Kong has been in focus lately, with HSBC, among others, grappling with the notion of relocating a large portion of its operations out of London. These rumors ultimately amounted to little but speculation however, following yesterday’s announcement that HSBC would indeed remain in London, a financial Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term that has itself been the site of a mass exodus of financial personnel over the past year.