Hong Kong SFC Rehires Tim Lui as Chairman

The Securities and Futures Commission of Hong Kong (SFC) has announced the re-appointment of Tim Lui as Chairman of the SFC for a term of three years from 20 October 2021.

“I am honoured to be re-appointed to continue leading the SFC as Hong Kong and its regulators play a crucial role in the continuous deepening of mutual access between the Mainland and the Hong Kong financial markets, while consolidating its status as an offshore Renminbi centre and developing itself into a green finance hub,”Lui said.”I look forward to guiding the SFC to embrace new challenges and opportunities while continue to maintain and promote a fair, efficient and orderly market.”

“I am grateful to Tim for his support and guidance in the past three years which helped the SFC to achieve its core objectives of upholding market quality and protecting investors. I look forward to continue working with Tim in his new term,”the SFC’s Chief Executive Officer, Ashley Alder, said.

In addition to Tim Lui, the commission has also welcomes the appointment by the Financial Secretary of Johnson Kong and Dieter Yih as Non-Executive Directors for a term of two years, effective from 15 November 2021.

Earlier, the SFC has highlighted its key achievements from April to June 2021​ in its quarterly report. According to the report, SFC's total number of licensees and registrants jumped to 47,527 and the total number of licensed corporations spiked to 3,174.