Former Executive Director, Dong He, Parts Ways with HKMA for IMF

The Hong Kong Monetary Authority (HKMA) has revealed that Executive Director, Dong He, announced his resignation to leave the HKMA to join the International Monetary Fund (IMF), effective October 18.

The HKMA handles a variety of monetary and regulatory actions in Hong Kong, dealing with a variety of asset classes including Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, derivatives, Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, among others. Mr. He is slated to become the newest Deputy Director of Monetary and Capital Markets Department at the International Monetary Fund, following a decade-long tenure at the HKMA.

According to Norman Chan, Chief Executive of the HKMA, in a recent statement on the resignation, “Dong's departure is a big loss to the HKMA. Since joining the HKMA from the IMF in 2004, Dong has made significant contributions in strengthening research capability of the Research Department and the Hong Kong Institute for Monetary Research. On behalf of the HKMA, I would like to thank Dong for his past contributions and dedication, and wish him every success in his new endeavors. The HKMA is currently seeking to identify a suitable successor to Dong in accordance with the established policy.”