Andrew Sheng re-appointed as HK's chairman of Securities and Futures Commission
( 2003-09-26 20:53) (Xinhua)
Tung Chee Hwa, chief executive of the Hong Kong Special Administrative
Region, has re-appointed Andrew Sheng as chairman of the Securities and Futures
Commission (SFC), Financial Secretary Henry Tang announced here Friday.
Andrew Sheng was first appointed as SFC chairman in October 1998. The
re-appointment was made under Section 1 of Schedule 2 to the Securities and
Futures Ordinance for a period of two years from Oct. 1, 2003 to Sept. 30, 2005.
Tang noted, "Mr Sheng's re-appointment will provide continuity in the
implementation of the newly commenced Securities and Futures Ordinance, as well
as the roll-out of our various initiatives for enhancing corporate governance,
protecting shareholder interests and modernizing market infrastructure."
Tang added that they are pleased to have Sheng's continued service and look
forward to working with him and his colleagues at the SFC in upgrading the
quality of the market.