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IMF's Hong Kong Sub-office Inaugurated
The Hong Kong SAR Sub-Office of IMF's Resident Representative Office to the People's Republic of China was formally opened January 11 in Hong Kong.
Mr Horst Kohler, managing director of the IMF, presided over the sub-office's opening ceremony at a luncheon reception. Mr Liu Tinghuan, deputy governor of the People's Bank of China, and Mr Joseph Yam, chief executive of the Hong Kong Monetary Authority, attended the reception as guests of honor.
The sub-office will function as a subsidiary unit of IMF's Resident Representative Office in Beijing. It will enhance IMF's surveillance over Hong Kong's economic and financial developments and help the IMF come to grip with local economic, financial and other related issues in Hong Kong.
By PD Online staff member Deng Gang
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