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KC Chan

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Hong Kong politician and economist

In this Hong Kong name, the surname is Chan.
ProfessorChan Ka-Keung Ceajer "KC"GBS JP
陳家強
Secretary for Financial Services and the Treasury
In office
1 July 2007 – 30 June 2017
Chief ExecutiveDonald Tsang
Leung Chun-ying
Preceded byFrederick Ma
Succeeded byJames Lau
Dean of Business and Management, HKUST
In office
2002–2007
Preceded byChan Yuk-shee
Succeeded byLeonard Cheng
Personal details
Born (1957-02-10) 10 February 1957 (age 67)
Alma materKing's College, Hong Kong
Wesleyan University
University of Chicago
KC Chan
Traditional Chinese陳家強
Simplified Chinese陈家强
Transcriptions
Standard Mandarin
Hanyu PinyinChén Jiāqiáng
Yue: Cantonese
Yale RomanizationChàhn Gākèuhng

Chan Ka-keung Ceajer GBS JP (Chinese: 陳家強, born 10 February 1957), also referred to as KC Chan, is a Hong Kong politician and economist who previously served as the Secretary for Financial Services and the Treasury. He is also the ex officio chairman of the Kowloon-Canton Railway Corporation, and an ex officio member of the Hong Kong International Theme Parks board of directors. Chan left the government and rejoined the Hong Kong University of Science and Technology in 2017. He is currently the chairman of WeLab Bank, a digital bank in Hong Kong.

Education

Chan holds a bachelor's degree in economics awarded by Wesleyan University, followed by an MBA and a PhD in finance from the University of Chicago.

Career

Chan taught for nine years at Max M. Fisher College of Business in Ohio State University. In 1993 he was named Dean of Business/Management and Professor of Finance at the Hong Kong University of Science and Technology.

Before joining the government, Chan held several public service positions including chairman of the Consumer Council and director of the Hong Kong Futures Exchange. He was also a member of the Exchange Fund Advisory Committee.

Chan joined the government on 1 July 2007 when he was appointed as the Secretary for Financial Services and the Treasury by Donald Tsang.

During his tenure as Secretary for Financial Services and the Treasury, Prof. K.C. Chan faced several significant challenges:

Global Financial Crisis (2008): One of the most critical challenges was navigating Hong Kong through the global financial crisis and maintaining investor confidence during this period.

Regulatory Reforms: Implementing regulatory reforms to enhance the resilience of Hong Kong’s financial markets was another challenge. This included updating financial regulations to align with international standards and improving the regulatory framework to prevent future crises.

Development of Offshore Renminbi Market: Promoting Hong Kong as a leading offshore Renminbi (RMB) center involved overcoming various hurdles, such as establishing the necessary infrastructure and regulatory framework to support RMB transactions.

Integration with Mainland China: Strengthening financial ties with Mainland China while maintaining Hong Kong’s unique regulatory environment under the “One Country, Two Systems” principle posed ongoing challenges. This included initiatives like the Hong Kong-Shanghai Stock Connect.

Technological Advancements: Keeping up with rapid technological advancements in the financial sector and promoting fintech innovation while ensuring robust cybersecurity measures and investor protection was a continuous challenge.

List of publications

  • Chan, K.C., Karolyi, G.A. & Stulz, R.M., "Global financial markets and the risk premium on U.S. equity", Journal of Financial Economics 32 (2), 1992, pp. 137–167
  • Chan, K.C., Chen, N. & Hsieh, D.A., "An exploratory investigation of the firm size effect", Journal of Financial Economics 14 (3), 1985, pp. 451–47

References

  1. Full name and year of birth information sourced from Library of Congress Authorities data, via corresponding WorldCat Identities linked authority file (LAF).
  2. Chan, Ceajer K.; Stulz, René M (1986). Risk and the Economy: A Finance Perspective. Ohio State University.
  3. http://www.cdeclips.com/en/hongkong/HK%27s_advantage_as_a_financial_center/fullstory_68238.html page5
  4. "Committee on Economic Development and Economic Cooperation with the Mainland" (PDF). Archived from the original (PDF) on 7 December 2006. Retrieved 26 July 2008.

External links

Academic offices
Preceded byChan Yuk-shee Dean of Business and Management, HKUST
2002–2007 		Succeeded byLeonard Cheng
Political offices
Preceded byAndrew Chan Chairman of Hong Kong Consumer Council
2005–2007 		Succeeded byAnthony Cheung
Preceded byFrederick Ma Secretary for Financial Services and the Treasury
2007–2017 		Succeeded byJames Lau
Current members of the Executive Council of Hong Kong
President: John Lee (Chief Executive)
Official members
Secretaries of Departments
Deputy Secretaries of Departments
Secretaries
Non-official members
Convenor
Members
The Chief Executive serves as the President of the ExCo, but is not a member of the ExCo.
Financial Services and the Treasury Bureau
Secretary for Financial Services and the Treasury: Christopher Hui
Subordinate departments
Financial Services Branch
Treasury Branch
Predecessors
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