Hong Kong Government Considering Naming Former Rail Chief Chow To Head HKEx
The Hong Kong government is considering appointing the former head of Hong Kong rail operator MTR Corp. (0066.HK) as the chairman of Hong Kong bourse operator Hong Kong Exchanges & Clearing Ltd. (0388.HK), the Hong Kong Economic Times said Tuesday, citing an unnamed source.
Chow Chung-kong is favoured to succeed Ronald Arculli, who will be stepping down as chairman of HKEX by the end of April after serving the maximum six-year term, the report said, adding Chow’s international experience could help attract more international firms to list on the Hong Kong bourse.
Chow, who retired from MTRC at the end of 2011 after eight years at the government-controlled rail operator, oversaw MTRC’s HK$4.25 billion merger with commuter and intercity rail operator Kowloon Canton Railway Corp. in December 2007. He was also heavily involved in helping expand the company’s footprint in markets in China, Europe and Australia in the face of a saturated home market.
Newspaper website: http://www.hket.com
-By Hong Kong Bureau, Dow Jones Newswires; 852-2802-7002; firstname.lastname@example.org