China News Agency, Hong Kong, May 19-The Chief Executive of the Hong Kong Special Administrative Region, Lin Zheng Yuee, approved Shi Meilun's re-appointment as chairman of the Hong Kong Exchanges and Clearing Limited (Hong Kong Stock Exchange) on 19th.
According to the information of the Information Department of the Hong Kong Special Administrative Region on the 19th, the approval was made in accordance with the Securities and Futures Ordinance (Cap. 571) of the laws of Hong Kong. Shi Meilun's chairman's term is the same as her tenure as a member of the board of directors of the Hong Kong Stock Exchange, and both will expire after the 2022 annual general meeting of the Hong Kong Stock Exchange.
In the board meeting on May 7, 2020, the directors of the Hong Kong Stock Exchange elected Shi Meilun as the chairman of the Hong Kong Stock Exchange. Section 69 (1) of the Securities and Futures Ordinance of the laws of Hong Kong stipulates that no person shall be the chairman of a company that is an authorized controller unless it has been approved in writing by the Chief Executive. According to Schedule 10 of the Securities and Futures Ordinance, the Hong Kong Stock Exchange is deemed to have been recognized as an exchange controller under section 59 (2) of the Ordinance.
The Hong Kong SAR Government expressed its belief that under the leadership of Shi Meilun, the Hong Kong Stock Exchange will strive to further enhance Hong Kong's market development level and competitiveness.
It is reported that Shi Meilun was re-appointed by the Financial Secretary of the HKSAR Government in February this year as a member of the board of directors of the Hong Kong Stock Exchange under the Securities and Futures Ordinance for a term of about two years until the company ’s annual general meeting in 2022 is completed. .
The Hong Kong Stock Exchange announced on the same day that Shi Meilun's re-appointment as Chairman of the Hong Kong Stock Exchange was approved by the Chief Executive of the Special Administrative Region, and the term of office will take effect immediately.
On the 19th, the board of the Hong Kong Stock Exchange included 12 independent non-executive directors, namely Shi Meilun (Chairman), Abo Bagri, Chen Zizheng, Xie Qinghai, Zhou Hu Mufang, Feng Wanmei, Xiburun, Hu Zuliu, Hong Pizheng, Liang Bohan , Zhuang Weilin, Yao Jianhua, and an executive director Li Xiaojia who is also the chief executive of the Hong Kong Stock Exchange Group. (Finish)