Hong Kong government renews contract for top market regulator Julia Leung
The CEO of the Securities and Futures Commission will stay on for at least two more years to see through a series of ongoing reforms
“Over the next two years, her focus on strategic initiatives – particularly in data, talent and succession planning – will further strengthen the commission and consolidate Hong Kong’s premier global standing,” said SFC chairman Kelvin Wong Tin-yau in a statement on Friday.
Although Leung would soon reach the age of 65, that was not an issue for renewing her contract because the regulator did not have a fixed retirement age for senior executives, Wong said in a briefing earlier this month.
A former journalist at The Asian Wall Street Journal, Leung started her term as the first woman to head the SFC in January 2023. Her current three-year term expires at the end of this year.
“She has demonstrated remarkable performance in leading the SFC to fulfil its dual mandates of prudent regulation and fostering market development in a fair, effective and robust manner,” said Financial Secretary Paul Chan Mo-po in a government announcement.