The money network:

The money network:

Why crowdfunding threatens traditional bank lending

The truth about Asian investment banking

September 1997

Central Banker of the Year: Yam: Hong Kong's sharp-shooter


His combative approach - along with $70 billion reserves - has seen off all the currency speculators so far. But does Joseph Yam sleep easy at night?


Finance Minister of the Year: Chubais forces the pace
Chubais takes stock
The perennial worrier
Finance Minister and Central Banker of the Year: The regional winners

He rarely sleeps and he worries too much, but it seems to have paid off. Joseph Yam has successfully steered Hong Kong through what was billed as the most tumultuous year in its history.

Ironically, the transition of sovereignty from Britain to China proved a walk in the park compared with the ensuing currency turmoil that has flared across the rest of Asia. Fortunately the head of the Hong Kong Monetary Authority (HKMA) was well placed...


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