New Legislative Council finance representative vows to push yuan business in Hong Kong
Ronick Chan, like his predecessor Ng Leung-sing, works for the Bank of China (Hong Kong); he was returned to Legco unopposed
The new Legislative Council finance representative, Ronick Chan Chun-ying, has pledged to work to promote the yuan business in Hong Kong.
Like many of his predecessors, the banking veteran was returned to Legco unopposed. He was backed by his employer – Bank of China (Hong Kong) – HSBC, Standard Chartered Bank, Citibank and Bank of East Asia.
He replaces Ng Leung-sing, who also worked for the Bank of China (Hong Kong). Chan is the bank’s board secretary.
“I will fight for more development opportunities in the yuan business in Hong Kong and promote [the city’s] fundraising role in the “One Belt, One Road” initiative in the coming years,” Chan told the South China Morning Post.
“After working in the industry for 24 years, I want to do more public duty by representing the banking sector as a lawmaker,” Chan said.