Appointments to Payment Systems and Stored Value Facilities Appeals Tribunal and Process Review Committee in connection with Payment Systems and Stored Value Facilities Ordinance
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The Chief Executive has, pursuant to the Ordinance, made the following appointments and reappointments to the Tribunal for a three-year term from November 4, 2025, to November 3, 2028:
Chairman
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Mr Richard Khaw Wei-kiang, SC
Panel Members
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Ms Florence Chan Yuen-shan *
Mr Louis Chow Ka-leung *
Mr Peter Li Po-ting *
Mr Patrick Siu Tsz-him
Professor George Yang Yong
*reappointment
In addition, the Financial Secretary, under the authority delegated by the Chief Executive, has reappointed the Chairman and members of the Process Review Committee for a three-year term from December 1, 2025, to November 30, 2028.
Chairman
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Mr Jack Chan Hoi
Members
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Mr Frederick Chan Hing-fai
Mr Louis Chow Ka-leung
Professor Matthew Lee Kwok-on
Ms Fion Ng Siu-mui
The Government also expressed gratitude to the outgoing Chairman of the Tribunal, Mr Michael John Hartmann, and the two outgoing panel members of the Tribunal, Professor Chen Nan and Mr Gary Soo Kwok-leung.
A Government spokesman said, "The Tribunal and the Process Review Committee effectively ensure that the relevant decisions made by the regulatory authority pursuant to the Ordinance are reasonable, thereby enhancing accountability. We are thankful to the outgoing Chairman and panel members of the Tribunal and are confident that the new term of the Tribunal and the Process Review Committee will continue to operate effectively."
The Tribunal is established under the Ordinance to, upon receipt of appeals, review relevant decisions made by the Hong Kong Monetary Authority (HKMA) under the Ordinance.
The Process Review Committee is established by the Chief Executive to review independently the processes and procedures adopted by the HKMA in making decisions relating to the designated systems in which the HKMA has a legal or beneficial interest.
Ends/Friday, October 31, 2025
Issued at HKT 11:00
Issued at HKT 11:00
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