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Hong Kong : Hong Kong Exchange appoints ex-subway CEO Chow as chairman
Publish Date : 25-Apr-2012
The Hong Kong Exchanges and Clearing Ltd, the world\'s No. 2 exchange operator, said it had appointed the ex-chief executive of subway operator MTR, Chow Chung-kong, as chairman.
The exchange would continue to bank on China\'s economic development to help fuel the Hong Kong Exchange\'s expansion, Mr Chow, 61, told reporters after he was elected by the board.
\'We continue to look for opportunities coming from China\'s economic development and policies,\' he told reporters. \'It\'s not the first time we\'re talking about international growth, and we\'ve seen substantial results in the past two years.\'
Mr Chow, who was knighted in 2000 and whose appointment must be approved by the Hong Kong chief executive, replaces former chairman Ronald Arculli, who stepped down due to a term limit of six years.
