HKEX re-appoints Laura May-Lung Cha as Chairman
The Board of Directors of Hong Kong Exchanges and Clearing Limited (HKEX) has resolved to re-appoint Mrs Laura May-Lung Cha as the Chairman of the Board for a term to be coterminous with her directorship.
Pursuant to Article 109(2) of HKEX’s Articles of Association and Section 69 of the Securities and Futures Ordinance, the re-appointment of Mrs Cha as the Chairman is subject to the written approval of the Chief Executive of the Hong Kong Special Administrative Region (HKSAR).
Mrs Cha’s term of office as a director of HKEX and the Chairman expired at the conclusion of HKEX’s annual general meeting (AGM) held on 27 April 2022. On 18 February 2022, the Government of the HKSAR announced the re-appointment of Mrs Cha to the Board for a term of approximately two years from the conclusion of the 2022 AGM until the conclusion of the AGM to be held in 2024.
Mrs Cha is also a Non-Executive Director of Unilever plc; a Senior International Advisor of Foundation Assets Management Sweden AB and a member of Sotheby’s International Advisory Board. In addition, she is also Vice Chairman of the International Advisory Council of the China Securities Regulatory Commission, and a Director of the World Federation of Exchanges.
Mrs Cha became the first, and to-date, the only person outside Mainland China to join the Central Government of the People’s Republic of China at the vice ministerial rank when she was appointed as Vice Chairman of the China Securities Regulatory Commission in January 2001. She served in that position until September 2004.
Mrs Cha worked for the Securities and Futures Commission in Hong Kong from 1991 to 2000, becoming its Deputy Chairman in 1998. She was also Chairman of The Financial Services Development Council of Hong Kong from January 2013 to July 2018.
She was awarded a Silver Bauhinia Star in 2001, a Gold Bauhinia Star in 2009 and the Grand Bauhinia Medal in 2017 by the Hong Kong Government for her public service.