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Norman Chan
Norman Chan Tak-lam, GBS, JP (born 1954), is a Hong Kong banker, treasury official, and civil servant. Chan was Chief Executive of the Hong Kong Monetary Authority from 2009 to 2019. He previously served as Director of the Office of the Chief Executive of the HKSAR and Regional Vice-Chairman of Standard Chartered Bank. Career Norman Chan graduated from Queen's College, Hong Kong, and then earned a degree in sociology at the Chinese University of Hong Kong. In 1976 Chan entered the Hong Kong Civil Service as an Administrative Officer. By 1991 he was appointed a Deputy Director of Monetary Management at the Exchange Fund of Hong Kong. At the creation of the Hong Kong Monetary Authority (HKMA) in 1993, Chan was named an Executive Director, and later took the role of vice president. In December 2005, he became the Vice-Chairman of the Asian region of Standard Chartered Bank. In July 2007, he was appointed as Director of the Office of the Hong Kong Chief Executive. In July ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chen (surname)
Chen () () is a common Chinese-language surname and one of the most common surnames in Asia. It is the most common surname in Taiwan (2010) and Singapore (2000). Chen is also the most common family name in Guangdong, Zhejiang, Fujian, Macau, and Hong Kong. It is the most common surname in Xiamen, the ancestral hometown of many overseas Hoklo. Chen was listed 10th in the ''Hundred Family Surnames'' poem, in the verse 馮陳褚衛 (Feng Chen Chu Wei). In Cantonese, it is usually romanized as Chan (as in Jackie Chan), most widely used by those from Hong Kong. Chan is also widely used in Macao and Malaysia. It is also sometimes spelled Chun. In many Southern Min dialects (including dialects of Hainan, Fujian, and Taiwan), the name is pronounced Tan, while in Teochew, it is pronounced Tang. In Hakka and Taishanese, the name is spelled Chin. In Wu it is pronounced Zen or Tchen. In Vietnam, this surname is written as Trần (in Quốc Ngữ) and is 2nd most common. In Thailand, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2014 Hong Kong Protests
A series of sit-in street protests, often called the Umbrella Revolution and sometimes used interchangeably with Umbrella Movement, or Occupy Movement, occurred in Hong Kong from 26 September to 15 December 2014. The protests began after the Standing Committee of the National People's Congress (NPCSC) issued a decision regarding proposed reforms to the Hong Kong electoral system. The decision was widely seen to be highly restrictive, and tantamount to the Chinese Communist Party (CCP)'s pre-screening of the candidates for the Chief Executive of Hong Kong. Students led a strike against the NPCSC's decision beginning on 22 September 2014, and the Hong Kong Federation of Students and Scholarism started protesting outside the government headquarters on 26 September 2014. On 28 September, events developed rapidly. The Occupy Central with Love and Peace movement announced the beginning of their civil disobedience campaign. Students and other members of the public demonstrat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Tsang
John Tsang Chun-wah, GBM, JP (; born Mui; born 21 April 1951) is a Hong Kong former senior civil servant and government official who was the longest-serving Financial Secretary in the Special Administrative Region period to date. Born in Hong Kong and raised and educated in the United States, Tsang worked in the Hong Kong government for more than thirty years. He was the private secretary to the last colonial governor Chris Patten and was promoted to Secretary for Commerce, Industry and Technology in 2003. He worked as director of the Office of the Chief Executive under Donald Tsang administration from 2006 to 2007. In July 2007, he was appointed Financial Secretary by Donald Tsang. He proposed the Scheme $6,000 tax rebate to all Hong Kong residents in his 2011 Budget. He continued to serve in the Leung Chun-ying administration until January 2017, when he resigned to run in the 2017 Chief Executive election. Despite his lead in the opinion poll by large margin throughout ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Secretary (Hong Kong)
The Financial Secretary () is the title held by the Hong Kong government minister who is responsible for all economic and financial matters (“Department of Finance” per Article 60 of the Basic Law). The position is among the three most senior Principal Officials of the Government, second only to the Chief Secretary in the order of precedence (but not subordinate to the CS). Together with other secretaries, the Financial Secretary is accountable to the Legislative Council and the Chief Executive (the Governor before the 1997 transfer of sovereignty) for his actions in supervising the formulation and implementation of financial and economic policies. The position evolved out of the office of the Colonial Treasurer before 1940. The Financial Secretary is a member of the Executive Council, and gives advice to the Chief Executive in that capacity. He is also responsible for delivering the annual budget to the Legislative Council. To date, it is the only office among the thr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Chief Executive
The Chief Executive of the Hong Kong Special Administrative Region is the representative of the Hong Kong Special Administrative Region and head of the Government of Hong Kong. The position was created to replace the office of governor of Hong Kong, the representative of the monarch of the United Kingdom during British rule.Bill 1999 " Info.gov.hk. Retrieved 28 March 2010. The office, stipulated by the , formally came into being on 1 July 1997 when the sovereignty of Hong Kong was transferred from the |
Standard Chartered Bank
Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East. Standard Chartered has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has secondary listings on the Hong Kong Stock Exchange, the National Stock Exchange of India, and OTC Markets Group Pink. Its largest shareholder is the Government of Singapore-owned Temasek Holdings. The Financial Stability Board The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum ... considers it a Systemically important financial institution, systemically importan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange Fund Of Hong Kong
Exchange may refer to: Physics *Gas exchange is the movement of oxygen and carbon dioxide molecules from a region of higher concentration to a region of lower concentration. Places United States * Exchange, Indiana, an unincorporated community * Exchange, Missouri, an unincorporated community * Exchange, Pennsylvania, an unincorporated community * Exchange, West Virginia, an unincorporated community Elsewhere * Exchange Alley, in London, United Kingdom * Exchange District, a historic area in Winnipeg, Manitoba, Canada Business and economy *''Bureau de change'', a business whose customers exchange one currency for another *Cryptocurrency exchange, a business that allows customers to trade cryptocurrencies or digital currencies. *Digital currency exchangers (a.k.a. DCEs or Bitcoin exchanges), businesses that allow customers to trade digital currencies for other assets, such as conventional fiat money, or different digital currencies *Exchange (economics) *Exchange (organized mark ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Policy
Monetary policy is the policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing (borrowing by banks from each other to meet their short-term needs) or the money supply, often as an attempt to reduce inflation or the interest rate, to ensure price stability and general trust of the value and stability of the nation's currency. Monetary policy is a modification of the supply of money, i.e. "printing" more money, or decreasing the money supply by changing interest rates or removing excess reserves. This is in contrast to fiscal policy, which relies on taxation, government spending, and government borrowing as methods for a government to manage business cycle phenomena such as recessions. Further purposes of a monetary policy are usually to contribute to the stability of gross domestic product, to achieve and maintain low unemployment, and to maintain predictable exchange rates with other currencies. Monetary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese University Of Hong Kong
The Chinese University of Hong Kong (CUHK) is a public research university in Ma Liu Shui, Hong Kong, formally established in 1963 by a charter granted by the Legislative Council of Hong Kong. It is the territory's second-oldest university and was founded as a federation of three existing colleges – Chung Chi College, New Asia College and United College – the oldest of which was founded in 1949. CUHK is organized into nine constituent colleges and eight academic faculties, and remains the only collegiate university in the territory. The university operates in both English and Chinese, although classes in most colleges are taught in English. Four Nobel laureates are associated with the university, and it is the only tertiary institution in Hong Kong with recipients of the Nobel Prize, Turing Award, Fields Medal and Veblen Prize sitting as faculty in residence. History Origins The university was formed in 1963 as a federation of three existing colleges. The first of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sociology
Sociology is a social science that focuses on society, human social behavior, patterns of Interpersonal ties, social relationships, social interaction, and aspects of culture associated with everyday life. It uses various methods of Empirical research, empirical investigation and critical analysis to develop a body of knowledge about social order and social change. While some sociologists conduct research that may be applied directly to social policy and welfare, others focus primarily on refining the Theory, theoretical understanding of social processes and phenomenology (sociology), phenomenological method. Subject matter can range from Microsociology, micro-level analyses of society (i.e. of individual interaction and agency (sociology), agency) to Macrosociology, macro-level analyses (i.e. of social systems and social structure). Traditional focuses of sociology include social stratification, social class, social mobility, sociology of religion, religion, secularization, S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Chartered
Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East. Standard Chartered has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has secondary listings on the Hong Kong Stock Exchange, the National Stock Exchange of India, and OTC Markets Group Pink. Its largest shareholder is the Government of Singapore-owned Temasek Holdings. The Financial Stability Board considers it a systemically important bank. José Viñals is the Group Chairman of Standard Chartered. Bill Winters is the current Group Chief Executive. Name The name Standard Chartered comes from the names of the two banks that merged in 1969 to create it: The Chartered Bank of India, Australia and China, and Standard Bank of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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