Hung Pi-cheng was appointed as the new chairman of the board of directors of the Hong Kong Financial Development Council.

The Hong Kong government announced today that the Chief Executive of Hong Kong has appointed Eddie Yue as the new Chairman of the Hong Kong Monetary Authority (HKMA) board. He has also reappointed three existing vice-chairmen, namely Laura Cha, Professor Frederic Ma and Arthur Yuen. Furthermore, four new members have been appointed: Joseph Yam, Lee Ka-kit, Tom Wong and Annie Yan, along with the reappointment of four existing members, Dr. Victor Fung, Margaret Leung, Raymond Li and Linda Wong. All appointments are for a two-year term, effective from January 17, 2025. The Secretary for Financial Services and the Treasury, Christopher Hui, stated: "The HKMA has made significant achievements in promoting the development of Hong Kong's financial services industry through research, market promotion and talent cultivation. Mr. Yue is a seasoned banker with rich experience and profound knowledge in international finance. He has also been actively involved in public service. With Mr. Yue's leadership and the addition of the four outstanding new members, we believe that the HKMA will continue to enhance and strengthen its connections with global stakeholders, further elevating Hong Kong's status as an international financial center." Hui also expressed his heartfelt gratitude to the outgoing Chairman, Norman Chan, a senior lawyer, for his excellent leadership over the past six years. Under Chan's guidance, the HKMA has effectively fulfilled its mission and propelled the further development of Hong Kong's financial services industry. Hui also thanked the four outgoing board members, including Christine Cheung, Angela Chan, Ben Kwok and Dr. Joseph Yam, for their contributions during their tenure.