The Hong Kong Monetary Authority announced that the Financial Secretary, acting on the advice of the Governance Sub-Committee of the Exchange Fund Advisory Committee, has approved a two-year extension of Mr Howard Lee’s appointment as Deputy Chief Executive beyond the normal retirement age. The extension takes effect in October 2025. Mr Lee will continue to oversee reserves management, financial infrastructure and fintech development at the HKMA, and he also serves as an Executive Director of the Hong Kong Mortgage Corporation Limited.