Chief Executive approves chairmanship of HKEX
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The approval was made under the Securities and Futures Ordinance (SFO) (Cap. 571). Mrs 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.
Mrs 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 which is a recognised 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 recognised as an exchange controller under section 59(2) of the SFO.
The Government is confident that with Mrs 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 centre.
Mrs 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.
Ends/Monday, June 6, 2022
Issued at HKT 17:00
Issued at HKT 17:00
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