Appointment of Chief Executive Officer of Hong Kong Academy of Finance
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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Academy of Finance (AoF) announced today (April 18) the appointment of Mr Enoch Fung as Chief Executive Officer (CEO) of the AoF for a two-year term with effect from July 18, 2023. Mr Fung is to succeed Mr Kwok Kwok-chuen who will complete his contract on July 17, 2023.
Mr Fung is currently Head (External) of the Hong Kong Monetary Authority (HKMA). He will be seconded from the HKMA to the AoF to take up the CEO post. To facilitate a smooth transition, Mr Fung will be appointed as CEO (Designate) with effect from April 24, 2023. The biography of Mr Fung is at Annex.
The Chairman of the AoF and the Chief Executive of the HKMA, Mr Eddie Yue, said, “Mr Kwok has been instrumental in leading the AoF to establish a strong foundation in developing future financial leaders and enhancing our applied research capability. I would like to thank Mr Kwok for his contributions, and I wish him all the best in his future pursuits.”
Mr Yue continued, “Mr Fung has established good connections with public and private stakeholders, including international organisations. He also has extensive experience steering projects in both public and private organisations. I am confident that Mr Fung will be able to leverage the foundation that Mr Kwok has built, and further advance the mission of the AoF.”
About the AoF
The AoF is set up with full collaboration amongst the HKMA, the Securities and Futures Commission, the Insurance Authority and the Mandatory Provident Fund Schemes Authority. By bringing together the strengths of the industry, the regulatory community, professional bodies and the academia, it aims to serve as (i) a centre of excellence for developing financial leadership; and (ii) a repository of knowledge in monetary and financial research, including applied research.
Feb 1, 2023 | International
Appointment of Chief Operating Officer of the Mandatory Provident Fund Schemes Authority
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The Financial Secretary, in exercise of the authority under the Mandatory Provident Fund Schemes Ordinance (Cap. 485) (MPFSO) delegated to him by the Chief Executive, has appointed Ms Cynthia Hui Wai-yee as the Chief Operating Officer (COO) and Executive Director of the Mandatory Provident Fund Schemes Authority (MPFA) for a period of three years from February 3, 2023, to February 2, 2026, both dates inclusive.
Announcing the appointment today (February 1), the Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, “Having served the MPFA for over 16 years and holding senior positions as Executive Director since 2008 and Acting COO since July last year, Ms Hui possesses profound knowledge of and relevant experience in the operation and regulation of the Mandatory Provident Fund (MPF) System. We look forward to Ms Hui’s continued dedication to the furtherance of the MPF System in her capacity as COO.”
The MPFA is a statutory body established under the MPFSO in September 1998 for the regulation and supervision of the MPF System.
Dec 27, 2022 | International
Establishment of Chief Executive’s Policy Unit (with photo)
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The Government announced today (December 27) the Chief Executive’s Policy Unit (CEPU) would be established tomorrow (December 28). The Chief Executive, Mr John Lee, appointed Dr Stephen Wong Yuen-shan as the Head, CEPU.
Mr Lee stated in his Policy Address that in order to improve Hong Kong’s governance, enhancing governance capability and governance efficacy is a priority. The establishment of the CEPU is an important step in enhancing the Government’s capabilities in research and advocacy on long-term and strategic issues.
Mr Lee said, “Dr Wong has years of extensive experience in public policy research. During his time as head of policy research at a leading think tank, he forged close collaboration and communication with top think tanks in the Mainland. He pays close attention to and is familiar with national development. He has also held leadership positions at multinational financial institutions, and worked in different financial centres around the world. With his visionary mindset in national matters and strong interest in international situations, Dr Wong is the appropriate choice to head the CEPU. I strongly believe he can lead the CEPU, contribute strategic suggestions and assist me and the Government in policymaking.”
Mr Lee expects the CEPU to make contributions in the following areas:
(1) to advocate for and assist in the formulation of long-term and strategic policies from a forward-thinking perspective;
(2) to keep abreast of national development, including directions, plans and policies, analyse and suggest areas of significance in the integration into national development, and actively participate in and contribute to the pursuit of such areas;
(3) examine international relations and situations, and analyse opportunities and risks, so that the Government can seize opportunities, create a favourable environment for development, and prevent risks at the same time; and
(4) grasp the sentiments of Hong Kong citizens, understand the general direction and focus of their concerns, discover factors that are conducive to social harmony and stability, and assist in decision-making directions and formulation of measures.
Dr Wong will assume office tomorrow. He will get the other CEPU members on board, and lead the CEPU in taking its work forward.
Following is the biographical notes on Dr Wong:
Dr Stephen Wong Yuen-shan
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Dr Stephen Wong Yuen-shan, aged 48, joined Our Hong Kong Foundation (OHKF) in 2015, and is currently OHKF’s Senior Vice President & Executive Director of Public Policy Institute. He is also a member of the Legislative Council, and an Adjunct Associate Professor at the Institute for China Business of the School of Professional and Continuing Education of the University of Hong Kong.
He earned his Bachelor of Arts (Phi Beta Kappa) in Economics from the University of Chicago, his Master of Arts in East Asian Studies (Whitney and Betty MacMillan Center for International and Area Studies) from Yale University, and his Doctor of the Public Administration from the University of Hong Kong. He worked as an investment banker and was in managerial roles with several global financial institutions, including as Executive Director at UBS (London) and Managing Director at Royal Bank of Scotland (RBS).
He has held a number of public service positions, including member of the Board of the Financial Services Development Council, member of the Urban Renewal Authority Board, member of the Town Planning Board and member of the former Task Force on Land Supply.
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