Hong Kong finds gold-trading leader in former exchange executive Bryan Chan
The Hong Kong government has appointed Bryan Chan Ping-keung, a former executive at bourse operator Hong Kong Exchanges and Clearing (HKEX), as CEO to lead the development and operation of the city’s new central clearing and settlement system for gold. Chan will head Hong Kong Precious Metals Central Clearing (HKPMCC), a wholly government-owned entity established in January to run the clearing…
The Hong Kong government has appointed Bryan Chan Ping-keung, a former executive at Hong Kong Exchanges and Clearing (HKEX), as the CEO of Hong Kong Precious Metals Central Clearing (HKPMCC). HKPMCC is a government-owned entity tasked with establishing the city's new central clearing and settlement system for gold. Chan will assume his role on October 2 and serve a three-year term.
His appointment aims to enhance system operations, collaborate with industry stakeholders, and facilitate global market participation, thereby bolstering Hong Kong's influence in Asian gold trading. The central clearing system is set to launch in the first quarter of the next year. HKPMCC's board comprises representatives from the Shanghai Gold Exchange, Hong Kong Monetary Authority, Securities and Futures Commission, and 11 banks.
Chan's extensive experience in financial markets, market infrastructure, and government operations, along with his outstanding management and leadership capabilities, make him well-suited for this leadership position, according to Secretary for Financial Services and the Treasury Christopher Hui Ching-yu.
Written by urgent.news from SCMP Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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