On July 17,2009, Financial Secretary John Tsang, announced that Norman Chan was to replace Mr. Joseph Yam as the Chief Executive of the HKMA following Joseph Yam's with an annual salary of six million Hong Kong dollars.
Norman Chan was to replace Mr. Joseph Yam as the Chief Executive of the HKMA following Joseph Yam's with an annual salary of six million Hong Kong dollars. This was what 2009 announced on July 17. Financial Secretary John Tsang was 2009.