The Chief Executive has approved the re-appointment of Laura Cha May-lung as Chairman of the Hong Kong Exchanges and Clearing Limited (HKEX) with immediate effect.
The approval was made under the Securities and Futures Ordinance (SFO) (Cap. 571). Cha's chairmanship will coincide with her term of appointment as a member of the Board of Directors of the HKEX, which will conclude at the end of the 2024 Annual General Meeting of the HKEX.
Cha was elected as Chairman of the HKEX by the directors at the board meeting on April 27, 2022. Section 69(1) of the SFO provides that no person shall be the chairman of a company that is a recognized exchange controller unless he has the approval in writing of the Chief Executive. By virtue of Schedule 10 to the SFO, the HKEX is deemed to have been recognized as an exchange controller under section 59(2) of the SFO.
The Government is confident that with Cha's leadership, the HKEX will strive to further enhance market quality and competitiveness, and consolidate Hong Kong's status as a global premier fundraising platform and risk management center.
Cha was re-appointed by the Financial Secretary as a member of the Board of Directors of the HKEX in February 2022 under the SFO for a term of around two years until the conclusion of the Annual General Meeting of the HKEX in 2024.
Comment