Hong Kong Exchanges and Clearing Limited HKEX last week announced the government’s appointment of two former financial regulators to its board.
According to the release, former chair of the Securities and Futures Commission SFC, Carlson Tong, and former CEO of the Hong Kong Monetary Authority HKMA, Joseph Yam, will replace retiring board members Rafael Gil-Tienda and Stephen Yiu on 26 April 2023, following the exchange’s annual general meeting AGM.
In addition, the government announced plans to reappoint incumbent director, Nisa Leung, for another two-year term.
The HKEX board continues to comprise six directors appointed by the financial secretary and six independent,...
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