China News Service, June 6. According to the Hong Kong Special Administrative Region Government press release, the Chief Executive of the Hong Kong Special Administrative Region has approved Shi Meilun to serve as the chairman of Hong Kong Exchanges and Clearing Limited (HKEX) again.

The term takes effect immediately.

  The approval is given under the Securities and Futures Ordinance (Cap. 571).

Schmidt's term as chairman is the same as her term as a member of HKEX's board of directors and will expire after the conclusion of HKEX's 2024 annual general meeting.

  The directors of HKEX elected Meilun Schmidt as the chairman of HKEX at the board meeting on 27 April 2022.

Section 69(1) of the SFO provides that no person shall be the chairman of a company that is an approved controller unless he has been approved in writing by the Chief Executive.

In accordance with Schedule 10 of the Securities and Futures Ordinance, HKEX is deemed to have been recognized as an Exchange Controller under section 59(2) of that Ordinance.

  The SAR Government is confident that under the leadership of Smyron Smith, HKEx will strive to further enhance the quality and competitiveness of the market, and strengthen Hong Kong's position as the world's preferred capital raising platform and risk management center.

  Smith was reappointed by the Financial Secretary in February this year as a member of the Hong Kong Stock Exchange's board of directors under the Securities and Futures Ordinance for a term of about two years until the conclusion of the company's annual general meeting in 2024.