New SFC chairman appointed

The Chief Executive has, pursuant to the Securities & Futures Ordinance, appointed Kelvin Wong as Chairman of the Securities & Futures Commission (SFC) for a term of three years from October 20, 2024, to October 19, 2027, the Government today announced.

Mr Wong was a non-executive director of the SFC from 2012 to 2018 and a Stock Exchange Listing Committee member from 2007 to 2013.

He is currently Chairman of the Accounting & Financial Reporting Council (AFRC) and will continue to serve until December 31, 2024.

Financial Secretary Paul Chan said Mr Wong has been dedicated to serving the financial services industry of Hong Kong, with extensive experience in the operation of the securities and futures markets, capital market development, corporate governance and financial regulatory matters.

âUnder his stewardship, the AFRC smoothly implemented the accounting and audit regulatory reforms, bringing Hong Kong's regulatory regime in line with international developments.â

Mr Chan also expects that under Mr Wong's leadership, the SFC will continue to uphold its dual role as a regulator and facilitator of market development to ensure the fair, transparent and orderly operation of the local securities and futures markets, and to strive for reforms and innovations, with a view to solidifying and enhancing Hong Kong's status as an international financial centre.

The finance chief also thanked incumbent SFC Chairman Tim Lui for his well-recognised achievements over his six-year leadership of the SFC.