Kelvin Wong has been appointed the next chairman of the Securities & Futures Commission (SFC) for a term of three years from 20 October 2024 to 19 October 2027, the Hong Kong government announced on Monday.
He replaces Tim Lui, who was SFC chairman for six years.
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 31 December 2024.
Financial Secretary Paul Chan said 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.
“Under his stewardship, the AFRC smoothly implemented the accounting and audit regulatory reforms, bringing Hong Kong’s regulatory regime in line with international developments,” said Chan in a statement
Chan also expects that under 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.
