The Exchange Fund Advisory Committee

Mr Eddie Yue was appointed Chief Executive of the Hong Kong Monetary Authority (HKMA) from 1 October 2019.  He began his career as an Administrative Officer in the Hong Kong Government in 1986.  He joined the HKMA upon its establishment in 1993 and was promoted to Division Head a year later.  He was appointed Executive Director in 2001 and subsequently Deputy Chief Executive in 2007 before taking up his current position.

Mr Yue has participated in numerous areas of the HKMA’s work.  During his tenure as Deputy Chief Executive, he steered major policies and initiatives relating to reserves management, research, external affairs and market development.  Mr Yue was also actively involved in tackling major financial crises and played an instrumental role in enhancing the Linked Exchange Rate System.

Mr Hung is CEO for Asia of Standard Chartered. He sits on the Group’s Management Team and is the Chairman of Standard Chartered Bank (China) Limited.

Mr Hung joined Standard Chartered in 1992 and has held a number of senior management positions spanning corporate, commercial and retail banking. Prior to the current role, he was Regional CEO for Greater China & North Asia, and CEO of Retail Banking, and Wealth Management business globally.

Mr Hung is a member of the Exchange Fund Advisory Committee, the Hong Kong Exchanges and Clearing Limited’s Board of Directors and the General Committee of the Hong Kong General Chamber of Commerce. He was previously the chairman of the Hong Kong Association of Banks, a member of the Financial Services Development Council, a board member of the Hong Kong Airport Authority and the Hong Kong Hospital Authority, and a Council Member of the University of Hong Kong.

He holds a Masters degree in Business Administration and is married with two children.

Mr Lo started his career in Government service as an Administrative Officer in 1974. He served in various positions in both the New Territories Administration and the Government Secretariat. Prior to leaving Government service to join the private sector in 1987, he was the Deputy Secretary for Trade and Industry in the Trade and Industry Branch of the Government Secretariat. 

Since 1987, Mr Lo has served as Director of Italade Technology Holdings to set up and manage overseas manufacturing operations in precision electronic component parts. He has also served as the President and Chief Executive Officer of both Synnex Technology International (HK) Ltd and Synnex Distributions (China) Ltd for 26 years before his retirement from that post in December 2013.

Mr Lo graduated from the Hong Kong University with a B. Sc (Hons) degree. He has also studied MBA at the Chinese Univeristy of Hong Kong and attended various executive management courses at the Oxford University and the Henley Management College in the UK.

Mr Lo is active in community service and has been appointed by the HKSAR Government to serve on various advisory boards and committees in his personal capacity. He is currently a Non-Executive Director and the Chairman of the Remuneration Committee of the Securities and Futures Commission.  He is also a member of the Exchange Fund Advisory Committee and the Chairman of its Governance Sub-Committee.

His past appointments include Chairman of the Standing Commission on Civil Service Salaries and Conditions of Service, and Chairman of the Independent Commission on Renumeration for members of the Executive Council and the Legislature, and Officials under the Political Appointment System of the HKSAR.

A graduate of Pomona College in California, Bernard Charnwut Chan is the Chairman and President of the publicly-listed Asia Financial Holdings and Chairman of Asia Insurance. He is Chairman of the Hong Kong – Thailand Business Council and an advisor to Bangkok Bank (China) Co. Ltd.  He sits on the boards of several local and overseas companies in financial services and is a director of Bumrungrad Hospital Public Company in Thailand.

Bernard has a long record of public service.  He is Chairperson of the Hong Kong Council of Social Service and Steward of The Hong Kong Jockey Club.  A patron of the arts, he is Chairman of M Plus Museum Ltd. and Tai Kwun Culture & Arts Co. Ltd.  He is also Chairman of the Executive Committee of the Hong Kong Chronicles Institute and Executive Vice Chairman of the Board of Governors of Our Hong Kong Foundation. 

He was a Hong Kong Deputy to the National People’s Congress of The People’s Republic of China (2008-2023) and the previous Convenor of the Non-Official Members of the Executive Council (2017-2022).  He is a former non-official member of Hong Kong’s Executive Council (2004-09 and 2012-2022) and former member of Hong Kong’s Legislative Council (1998-2008) representing the insurance industry.

Other past positions including  Council Chair of Lingnan University, Chairman of the Hong Kong Palace Museum Ltd., Chairman of the Council for Sustainable Development, Chairman of the Antiquities Advisory Board, Chairman of the Advisory Committee on Revitalisation of Historic Buildings and Chairman of the two Standing Committees on Disciplined Services and Judicial Salaries and Conditions of Service. 

He has been conferred honorary degrees from Lingnan University, City University of Hong Kong, Open University of Hong Kong and Savannah College of Art and Design.  He is also a Trustee Emeritus of Pomona College.

Bernard was appointed a Justice of the Peace in 2002, and Commander (3rd Class) of the Most Noble Order of the Crown of Thailand in 2004.  In 2006, he was awarded the Gold Bauhinia Star by the Hong Kong SAR Government, and in 2020 he received Hong Kong’s highest honor, the Grand Bauhinia Medal.

Ming Wai Lau is the Chairman of Chinese Estates Holdings Limited. He is also the Director of MWYO, a youth-oriented think tank.

Mr Lau holds LLB, LLM, and PhD degrees from King’s College London and the London School of Economics, University of London. His PhD dissertation was published as a book by Oxford University Press in 2011. He is a Visiting Lecturer at Harvard Law School during 2014-2020. He is also a registered attorney in the State of New York and a CFA Charterholder.

Mr Lau is active in public affairs in Hong Kong. He is the member of the Exchange Fund Advisory Committee. He is awarded the Gold Bauhinia Star (GBS) for his meritorious public and community service in 2017.

Agnes is the Senior Advisor of Chairman’s Office of Ernst & Young Greater China (EY). Prior to this position, she was the Managing Partner for EY Hong Kong and Macau, overseeing all aspects of business operations in these locations.

Agnes joined the EY member firm in Australia in 1986 and returned to Hong Kong five years later. With more than three decades’ experience in providing tax and business advisory services to a broad range of local and multinational corporations and organizations, her clientele is spread across industries.

Agnes advises C-suite executives on their growth and innovation strategies, helping them optimize portfolios, identify and assess new market growth opportunities, and reimagine future business models. She also helps clients with their cross-border business and investment as they explore new markets and refine their operations.

Agnes actively participates in public service through a variety of roles, including as a member of the Election Committee in the Accountancy Subsector, as a member of the Hong Kong Monetary Authority’s Exchange Fund Advisory Committee, and as a Non-Executive Director of the Securities and Futures Commission. She is also a member of the Hong Kong SAR Government’s Public Service Commission, a member of the Hong Kong SAR Government’s Advisory Panel on BEPS 2.0, and the Hong Kong Inland Revenue Department’s Users’ Committee. Agnes is currently the Deputy Chairman of the General Committee of the Hong Kong General Chamber of Commerce and is the Chairman of its Membership Committee and the Chairman of Investment Committee.

Agnes is a champion of broader and closer economic cooperation between mainland China and Hong Kong, advocating institutional innovation to unlock the full potential of the Greater Bay Area. She was appointed as an accounting advisor (Hong Kong) by the Ministry of Finance of the People’s Republic of China, serves as an advisor to the Accounting Professional Committee of the Council for the Promotion of Guangdong-Hong Kong-Macau Cooperation, and is a Hong Kong SAR delegate of the All-China Women’s Federation.

Her other community services include membership of the Corporate Advisory Council of the Hong Kong Securities and Investment Institute; the Accounting Advisory Board of the Faculty of Business and Economics at the University of Hong Kong; and the Advisory Board of the Institute for Emerging Market Studies at the Hong Kong University of Science and Technology.

Agnes has a Bachelor of Economics degree from the University of Sydney. She is a fellow member of the Hong Kong Institute of Certified Public Accountants, the Chartered Accountants Australia and New Zealand, CPA Australia, and the Taxation Institute of Hong Kong. Agnes is also an Honorary Advisor to the Chartered Accountants Australia and New Zealand, and the Hong Kong Public Sector Accountants Association.

Agnes’s past public appointments include as a member of the Competition Commission of Hong Kong (2013-2018), the Mandatory Provident Fund Schemes Appeal Board (2011-2017), the Environment and Conservation Fund Committee of Hong Kong (2012-2016), and the Telecommunications Users and Consumers Advisory Committee of the Office of the Communications Authority (2012-2016). She has also served as the Chairman of the Taxation Committee (2008-2011) and the Financial and Treasury Services Committee (2018-2021) of the Hong Kong General Chamber of Commerce; the President of the Zonta Club of Hong Kong (2004-2006); a council member of the Taxation Institute of Hong Kong (2011-2012); and a council member of the Association of Women’s Accountants Hong Kong (2011-2013).

Ms Irene Yun-Lien Lee holds a Bachelor of Arts Degree from Smith College, United States of America, and is a Barrister-at-Law in England and Wales and a member of the Honourable Society of Gray’s Inn, United Kingdom. She was awarded the degree of Doctor of Social Science, honoris causa from The Chinese University of Hong Kong in November 2022.

Ms Lee is currently the Executive Chairman of Hysan Development Company Limited, an independent Non-Executive Chairman of Hang Seng Bank Limited, and also an Independent Non-Executive Director of The Hongkong and Shanghai Banking Corporation Limited and Alibaba Group Holding Limited.

Ms Lee has held senior positions in investment banking and funds management in a number of renowned international financial institutions, including Citibank in New York, London and Sydney, and she was the global head of corporate finance at the Commonwealth Bank of Australia.

Previously she was an independent director of HSBC Holdings plc, Cathay Pacific Airways Limited, Noble Group Limited and CLP Holdings Limited. She was a non-executive director of a number of listed and unlisted companies in Australia including QBE Insurance Group Limited, Keybridge Capital Limited, ING Bank (Australia) Limited and the Myer Family Company Limited. Ms Lee was also formerly on the Advisory Council of JP Morgan Australia, the Executive Council of the Faculty of Business at University of Technology, Sydney (UTS), a trustee of the Art Gallery of New South Wales, a director of Sydney Symphony Orchestra (SSO) and a member of the Australian Government Takeovers Panel.

Professional qualifications

• Call: 1987 (HK)
• Inner Bar: 2003
• Advocate and Solicitor of Singapore: 1995
• Panel Arbitrator of the Hong Kong International Arbitration Centre
• Panel Arbitrator of International Investment Arbitrators of the China International Economic and Trade Arbitration Commission.
• Panel Arbitrator of the Shenzhen Court of International Arbitration
• Accredited Mediator of the Centre for Effective Dispute Resolution
• Accredited Mediator of the Hong Kong Mediation Accreditation Association Limited

Education

• LLB (Hons) (University of Hong Kong)
• PCLL (University of Hong Kong)
• LLM in Chinese and Comparative Law (City University of Hong Kong)
• Doctor of Laws honors causa (City University of Hong Kong and Hong Kong Shue Yan University)

Practice profile

• Prior to 1 July 2012, Rimsky Yuen SC’s practice was primarily commercial in nature with experience in various areas of commercial and related civil matters. Apart from acting as advocate in court or arbitral proceedings, Rimsky Yuen SC also from time to time acted as arbitrator in international arbitration and as mediator in commercial and other civil disputes.
• During the period from 1 July 2012 to 5 January 2018, Rimsky Yuen SC occupied the position as Secretary for Justice of the Government of the Hong Kong Special Administrative Region (“HKSAR”). In his capacity as Secretary for Justice, he acted as the chief legal adviser to the HKSAR Government overseeing five key areas of legal works: (1) civil disputes involving the HKSAR Government; (2) criminal prosecutions; (3) international law; (4) drafting of government legislation; and (5) legal policy matters (including the promotion of arbitration and mediation) as well as law reform. Major matters that he handled during this period included public law cases (such as judicial review applications involving constitutional, human rights and planning issues), commercial disputes involving the Government, regulatory matters relating to statutory bodies, international law matters (such as investment treaties, surrender of fugitives and assets recovery), as well as arbitration and mediation involving the Government.
• After his resignation as Secretary for Justice on 5 January 2018, Rimsky Yuen SC resumed private practice in April 2018 at Temple Chambers as barrister, arbitrator and mediator with special focus in commercial disputes. Since then, he has been appointed as arbitrator in various international arbitrations and has also been retained as advising counsel or advocate in various commercial disputes.

Key appointments and public office

• Committee Member of the International Commercial Expert Committee, the International Commercial Court of the Supreme People’s Court, the People’s Republic of China (since 26.8.2018)
• Co-Chair of the Hong Kong International Arbitration Centre (since 6.2020)
• Chairman of the Council of Hong Kong Mediation Association Limited (since 3.2020)
• Member of the Exchange Fund Advisory Committee (established under the Exchange Fund Ordinance (Cap. 66)) (since 1.9.2018)
• Secretary for Justice of the HKSAR Government (1.7.2012 – 5.1.2018)
• Bencher of the Middle Temple (since 9.2015)
• Justice of the Peace (since 2010)
• Recorder of the Court of First Instance, High Court of the HKSAR (2006 – 6.2012)
• Member of the Judicial Officers Recommendation Commission (2009 – 1.2018)
• Chairman of the Hong Kong Bar Association (2007 – 2009)
• Chairman of the Transport Advisory Committee (2010 – 2012)
• Non-official Member of the Independent Commission Against Corruption Advisory Committee on Corruption (2009 – 2012)
• Non-executive Director of Mandatory Provident Fund Schemes Authority (2010 – 2012)
• Council Member of the Hong Kong Institute of Education (2010 – 2012)

Mr. Yiu is currently the Chairman of Insurance Authority, Treasurer and Council member of The Hong Kong University of Science and Technology, an Independent Non-Executive Director of Hong Kong Exchanges and Clearing Limited, China Mobile Limited and Anta Sports Products Limited, companies listed in Hong Kong.  He is also a member of Independent Commission Against Corruption Complaints Committee and  Honorary Treasurer of St Paul Co-Educational College.

Stephen joined the global accounting firm KPMG ("KPMG") in Hong Kong in 1983 and was seconded to KPMG in London, the United Kingdom from 1987 to 1989. Mr. Yiu became a partner of KPMG in 1994, served as the Partner in Charge of Audit of KPMG from 2007 to 2010, and served as the Chairman and Chief Executive Officer of KPMG China and Hong Kong as well as a member of the Executive Committee and the Board of KPMG International and KPMG Asia Pacific from April 2011 to March 2015.

Mr. Yiu formerly also served as a member of the Audit Profession Reform Advisory Committee and the Mainland Affairs Committee of the Hong Kong Institute of Certified Public Accountants (“HKICPA”). Mr. Yiu is a fellow member of the Association of Chartered Certified Accountants, HKICPA and the Institute of Chartered Accountants of England and Wales. Mr. Yiu received a professional diploma in accountancy from The Hong Kong Polytechnic (now known as The Hong Kong Polytechnic University) in 1983, and holds a master's degree in business administration from the University of Warwick in the United Kingdom.

Mr Lui is the Chairman of the Hong Kong Securities and Futures Commission and a Deputy to the National People’s Congress of China. He was a Partner of PricewaterhouseCoopers (“PwC”) in Hong Kong, a member of the Global Board of PwC International Limited and a Past President of the Hong Kong Institute of Certified Public Accountants.

Other current appointments:

• Chairman, University Grants Committee
• Member, Public Service Commission
• Director, Hong Kong Academy of Finance

Past appointments:

• Chairman, Education Commission
• Chairman, Standing Commission on Directorate Salaries and Conditions of Service
• Chairman, Employees’ Compensation Insurance Levies
• Chairman, Committee on Self-financing Post-secondary Education
• Chairman, Joint Committee on Student Finance

Ayesha is Chairman of the Mandatory Provident Fund Schemes Authority, and Chairman of its wholly owned subsidiary, eMPF Platform Company Limited. She is former Partner of KPMG China and former Managing Partner of KPMG Hong Kong.

Professional and industry experience:-
Ayesha is member of the Institute of Chartered Accountants in England and Wales and member of the Hong Kong Institute of Certified Public Accountants.

Ayesha is active in community service and has been appointed by the Hong Kong SAR Government to various advisory bodies.

Her current appointments include:

• Chairman (since 17 March 2021) and Non-Executive Director (since 17 March 2017), Mandatory Provident Fund Schemes Authority
• Chairman and Non-Executive Director of MPFA’s wholly owned subsidiary, eMPF Platform Company Limited (since 5 March 2021)
• Member, Exchange Fund Advisory Committee, Financial Infrastructure and Market Development Sub-Committee, Governance Sub-Committee of the Hong Kong Monetary Authority
• Director, Hong Kong Academy of Finance Limited
• Chairman, Joint Committee on Student Finance

She had also served as member of various advisory bodies including:

• Financial Leaders Forum
• Advisory Panel on BEPS 2.0 (OECD’s framework for international tax reform to address base erosion and profit shifting risks)
• Public Service Commission
• Legal Aid Services Council
• Council of the University of Hong Kong
• Lump Sum Grant Independent Review Committee
• Task Force on Economic Challenges
• Financial Reporting Review Panel of the Financial Reporting Council
• Market Development Committee and Policy Research Committee of the Financial Services Development Council
• Hong Kong Trade Development Council
• Independent Commission Against Corruption Advisory Committee on Corruption
• Harbourfront Commission
• Aviation Development Advisory Committee
• Standing Committee on Judicial Salaries and Conditions of Service
• Women’s Commission

Ayesha was appointed as a Justice of the Peace in July 2013, an Accounting Advisor of the Ministry of Finance of the People’s Republic of China in May 2016, a member of Chinese People’s Political Consultative Conference of Jiangsu Province in Jan 2018.  She was awarded the Bronze Bauhinia Star in July 2021.

Aged 49, has been re-designated as Executive Director and appointed as Vice Chairman and Chief Executive of BOC Hong Kong (Holdings) Limited (the “Company”) and Bank of China (Hong Kong) Limited (“BOCHK”) since December 2020. He is a member of each of the Strategy and Budget Committee as well as the Sustainability Committee. Prior to the re-designation, Mr SUN was a Non-executive Director and a member of the Risk Committee of the Company and BOCHK from March 2020 to December 2020.

Mr SUN joined Bank of China Limited (“BOC”) in 1998. He served as the Executive Vice President of BOC from February 2019 to December 2020, and as Chief Overseas Business Officer of BOC from September 2018 to February 2019. From March 2015 to November 2018, Mr SUN served as General Manager of London Branch of BOC, CEO of Bank of China (UK) Limited, and also served as General Manager of London Trading Center of BOC from December 2015 to November 2018. Mr SUN previously served as Director of Global Financial Markets Department, Director of Financial Markets Unit (Client Business), Director of Financial Markets Unit (Securities Investments) and Deputy General Manager of the Shanghai Branch of BOC. He served as General Manager of Global Markets of BOCHK from July 2012 to December 2014. He was also a Board Director of Bank of China (UK) Limited from March 2015 to September 2021, Chairman of the Board of Directors of Bank of China (UK) Limited from December 2018 to September 2021, Chairman of the Board of Directors of BOC Aviation Limited (listed in Hong Kong) from February 2019 to December 2020, President of Shanghai RMB Trading Unit of BOC from November 2019 to December 2020 and General Manager of Beijing Branch of BOC from December 2019 to December 2020.

Mr SUN holds other roles with the Group, including Chairman of BOC Insurance (International) Holdings Company Limited and Chairman of BOCHK Charitable Foundation since December 2020, and Chairman of BOC Group Life Assurance Company Limited (“BOC Life”) since February 2021.

Mr SUN also holds a number of public offices in Hong Kong. He is Chief Supervisor of the Asian Financial Cooperation Association, Chairman of the Hong Kong Association of Banks, Honorary President of the Hong Kong Chinese Enterprises Association, Chairman of the Chinese Banking Association of Hong Kong, and sits on the Exchange Fund Advisory Committee and the Currency Board Sub-Committee, the Banking Advisory Committee, and the Council of Treasury Markets Association. He is also Co-Chairman of Guangdong-HK-Macao Bay Area Entrepreneurs Union, Advisor of Hong Kong Alliance of Technology and Innovation, sits on the General Committee of the Hong Kong General Chamber of Commerce, the Council of the Hong Kong Trade Development Council (“HKTDC”), the Belt and Road and Greater Bay Area Committee of HKTDC, the Risk Management Committee of the Hong Kong Exchanges and Clearing Limited, the Council of the Hong Kong Management Association, and is also Vice President of the Hong Kong Institute of Bankers, etc.

Mr SUN has extensive experience in the banking and financial services industry with substantial knowledge in business management and strategy, corporate governance, risk management and sustainable development. He graduated from Nankai University with a Master’s Degree in Economics in 1998.

Professor Kar Yan TAM is Dean of the HKUST Business School and Chair Professor of Information Systems, Business Statistics and Operations Management. Prior to being Dean of the Business School, he was Dean of Students and Associate Provost at HKUST.  Professor Tam is currently a board member of the Association to Advance Collegiate Schools of Business (AACSB) and the European Foundation for Management Development (EFMD) and was the Past President of the Association of Asia Pacific Business Schools (AAPBS). He has served on the Steering Group on Financial Technologies of the Financial Services and the Treasury Bureau and the Hong Kong Deposit Protection Board. Currently, he is the Chairperson of the Curriculum Development Council of the Education Bureau and serves on the Hong Kong Productivity Council, the Board of the Hong Kong Metropolitan University, THEi Council, and the Anti-Money Laundering and Counter-Terrorist Financing Review Tribunal. He is a member of the Academy of Finance.

Raymund is the Chairman of PwC Asia Pacific and the Chairman & CEO of PwC China. He is one of the five members on PwC’s Network Leadership Team that sets the vision, strategy, policies and standards for the PwC global network. Raymund has been a visionary in transforming PwC into a multi-nodal organisation that has placed its Purpose and Values at the centre of its strategy.

Born and raised in Hong Kong, Raymund began his career in the accounting profession in Toronto, Canada. He returned to Hong Kong before relocating to Beijing in 2003. In Beijing he led the exponential growth of PwC’s Assurance business in mainland China and Hong Kong. Raymund was elected as Chairman & CEO of PwC China in 2015, accelerating both the evolution and revolution of its business to serve the increasingly complex needs of its clients.

With a background in audit, Raymund has provided assurance and business advisory services to both private and public enterprises in Hong Kong, as well as state-owned and private enterprises in mainland China.

Believing in empowering people to be bold, try new things and to think outside the box, Raymund has cultivated a culture of intrapreneurship and innovation at PwC, establishing the Gamechanger Awards and Intrapreneurship Fund in PwC China. He is also a pioneer of the culture of everyday flexibility in the professional services industry in Asia, implementing flexible work and dress policy in PwC China well before it became a norm.

Recognising the strategic value of deeper collaboration across Asia Pacific, Raymund led the establishment of the PwC Asia Pacific network in 2017. The regional collaboration utilises the complementary economies and diverse talents of PwC professionals in the region to help clients and stakeholders seamlessly build trust and deliver sustained outcomes.

He is a firm believer in actively working to make a positive impact on the people he works with and on society. He is launching PwC’s Asia Pacific Institute, called Reimagine Park, in China - an immersive learning experience and platform among our clients, the business community and society to create impactful outcomes for the new era.

Raymund has also driven PwC’s leadership in corporate responsibility, as well as the contribution of technical and digital support, management advice and holistic services to organisations in the non-profit sector. He is also a strong advocate of diversity and inclusion. He was awarded the China Women’s Empowerment Principles Awards – Leadership Commitment by the United Nations Women in 2020.

Raymund is the Founding President of the Association of Hong Kong Accounting Advisors. His other external appointments include:
• Expert Advisor in accounting to the Ministry of Finance, PRC
• Vice President, Shanghai Chinese Overseas Friendship Association
• Member, The Chinese People's Political Consultative Conference (Shanghai)
• Vice President & Treasurer, HK-Shanghai Economic Development Association
• Honorary President, Shanghai Hong Kong Association
• Director & Treasurer of the Community Chest of Hong Kong
• Member, Civil Service Training Advisory Board, HKSAR
• Honorary Advisor, Hong Kong Business Accountants Association
• Member, United Way Worldwide’s China Advisory Council
• Member, Advisory Board of Duke Kunshan University

Raymund is a Chartered Professional Accountant in Canada and a Certified Public Accountant (Practising) in Hong Kong.

Dr Victor K. Fung is Group Chairman of the Fung Group, a Hong Kong-based multinational group which comprises major operating groups engaging in trading, logistics, distribution and retailing including privately held Li & Fung Limited and publicly listed Convenience Retail Asia Limited. Dr. Fung played a leading role in driving the development of the supply chain infrastructure at Li & Fung Limited, which has enabled it to become the leading consumer goods design, development, sourcing, and logistics company for major retailers and brands around the world.

Dr. Fung is Chairman of the Advisory Board of the Asia Global Institute at the University of Hong Kong, a multi-disciplinary think-tank co-established with the Fung Global Institute to assume and carry forward the Fung Global Institute’s mission to generate and disseminate research and ideas on global issues from Asian perspectives. He is Chairman of the 2022 Foundation, a non-profit entity focused on research into Hong Kong’s long-term competitiveness and Chairman of the Victor and William Fung Foundation, whose focus is the nurturing of human capital and supporting educational programmes. He is also an independent non-executive Director with Chow Tai Fook Jewellery Group Limited (Hong Kong).

Dr. Fung is a member of the Chief Executive’s Council of Advisers on Innovation and Strategic Development and Chairman of the Civil Service Training Advisory Board. He is also a member of the Governance Committee of the Hong Kong Growth Portfolio, a member of the Exchange Fund Advisory Committee of Hong Kong Monetary Authority and a Fellow of the Hong Kong Academy of Finance. He is a former Chairman of the Hong Kong Trade Development Council (1991-2000), a Hong Kong representative on the APEC Business Advisory Council (1996-2003),Chairman of the Airport Authority Hong Kong (1999-2008), Chairman of the Council of The University of Hong Kong (2001-2009), Chairman of the Greater Pearl River Delta Business Council (2004-2013) and Chairman of the Steering Committee of the Hong Kong Scholarship for Excellence Scheme (2014-2018).

He is also a member of the International Business Leaders Advisory Council for the Mayor of Beijing, member of the Advisory Board of the School of Economics and Management of Tsinghua University, an Honorary Trustee of Peking University and an Honorary Professor of Renmin University. He is a former member of the Chinese People's Political Consultative Conference (2003-2018), Vice-Chairman of the China Centre for International Economic Exchanges (2009-2014).

Dr. Fung played a leadership role from 2007 in the Paris-based International Chamber of Commerce, of which he was Chairman from 2008 to 2010. From 2012 to 2013, he was a member of the World Trade Organisation's Panel On Defining The Future of Trade.

Born and raised in Hong Kong, Dr. Fung holds Bachelor and Master Degrees in Electrical Engineering from the Massachusetts Institute of Technology. After gaining his Doctorate in Business Economics from Harvard University, he taught as a professor at Harvard Business School before returning to the family business in Hong Kong in 1976.

Dr. Fung is married with three adult children.

David Liao is a Group Executive of the HSBC Group and Co-Chief Executive of HSBC Asia-Pacific alongside Surendra Rosha.

David is a member of HSBC's Group Executive Committee and serves as Executive Director on the HSBC Asia-Pacific Board. He is also a non-executive director and a member of the Personnel & Remuneration Committee of the Bank of Communications; Supervisor of HSBC Jintrust Fund Management Company Limited; a member of the Beijing Municipal Committee of the 13th Chinese People's Political Consultative Conference (CPPCC); and an advisor on the International Business Leaders' Advisory Council for the Governor of Hubei.

He joined HSBC in 1997 and was responsible for the local currency fixed income business in Greater China and Singapore. He was appointed Treasurer and Head of Global Markets at HSBC China in 2005; became Head of Global Banking and Markets at HSBC China in 2013; and served as President and Chief Executive, HSBC China in 2015-2020. Prior to his current role he was Head of Global Banking Coverage for Asia-Pacific.

David holds an Honours degree from the University of London.