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The Chief Executive, Mr Donald Tsang, will chair the first meeting of the Task Force on Economic Challenges on November 3 in response to the global financial tsunami.
Ten individuals from different sectors have joined the task force as members, while the Financial Secretary, Mr John C Tsang, will serve as deputy chairman.
"The challenges ahead of us are daunting. The damage that the financial tsunami has inflicted on the global economy has yet to be fully revealed. We need to evaluate the situation, consider ways to respond, identify new opportunities, and ultimately enhance our international competitiveness," the Chief Executive said.
The task force members are:
Mr E Mervyn Davies Chairman of the
Standard Chartered PLC
Dr Victor KK Fung Group Chairman of the
Li & Fung group of companies
and Chairman of the Greater
Pearl River Delta Business
Council and the International
Chamber of Commerce
Prof Lawrence J Lau Vice-Chancellor and President
of the Chinese University
of Hong Kong
Mr K C Leong Chairman of Roctec Futures
Trading Company Limited and
former Chairman of the Hong
Kong Futures Exchange
Mrs Margaret Ko Leung Group General Manager,
Global Co-Head Commercial
Banking, HSBC
Ms Ayesha Macpherson Partner of KPMG
Dr Stephen Roach Chairman of Morgan
Stanley Asia
Mr Shih Wing-ching Chairman of Centaline
(Holdings) Company Limited
and Member of the Estate
Agents Authority and the
Hong Kong Housing Authority
Dr Patrick Wang Chairman and Chief Executive
Officer of Johnson Electric
Holdings Limited and Chairman
of the Hong Kong Applied
Science and Technology Research
Institute
Mr Mathias Woo Executive Director of
Zuni Icosahedron
Mr David Burton, Head of the Asia and Pacific Department of the International Monetary Fund, will attend the first meeting of the task force to update members on the global impact of the current financial crisis. The Task Force will also assess the impact of the financial tsunami on the local economy and consider ways to respond. It will also formulate a work plan for the coming few months.
A public announcement will be made after the meeting.
Relevant policy secretaries and other officials will join the deliberations of the task force on specific topics.
Ends/Tuesday, October 28, 2008
Issued at HKT 12:24
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