Senior Appointments at the Hong Kong Monetary Authority

The Financial Secretary has appointed Mr Simon Topping to succeed Mr Raymond Li Ling-cheung as the Executive Director in charge of the Banking Policy Department of the Hong Kong Monetary Authority (HKMA). Mr Raymond Li Ling-cheung will take up the new post of Executive Director (Corporate Services). Both appointments will take effect on 11 September 2000.

Mr Li will be responsible for matters relating to corporate development, human resources, administration, finance, and information technology. Mr Li joined the Hong Kong Government as an Administrative Officer in 1982 and became Principal Assistant Secretary (Monetary Affairs) in 1990. He was appointed Head (Banking Development) at the HKMA in 1993 and took up the post of Head (Administration) in 1995. He was promoted to his current post of Executive Director (Banking Policy) in 1996.

Mr Topping will be responsible for the development of banking supervisory and industry related policies and the legal framework laid down in the Banking Ordinance to meet evolving supervisory needs. Mr Topping joined the HKMA in 1995 as a Division Head in the Banking Supervision Department. He has more than 20 years of central banking experience, having held a number of positions with the Bank of England and the International Monetary Fund prior to joining the HKMA.

For further enquiries, please contact:

Jasmin Fung, Manager (Press), at 2878 8246 or

Caitlin Wong, Manager (Press), at 2878 1687

Hong Kong Monetary Authority

16 August 2000

Mr Raymond Li, Executive Director (Corporate Services) designate of the Hong Kong Monetary Authority	Mr Simon Topping, Executive Director (Banking Policy) designate of the Hong Kong Monetary Authority