HK SFC names politically-connected accountant as chairman

Former PwC tax specialist and deputy to China's parliament will succeed Carlson Tong at the securities watchdog.

Hong Kong's Securities and Futures Commission has named Tim Lui Tim-leung as its next chairman. He will take up the post on October 20, replacing Carlson Tong, who steps down after six years.

Lui brings years of experience as a tax accountant with PwC and has alo held a variety of positions with Hong Kong government organisations, including membership of the Education Commission and the University Grants Committee. Since 2008, he has also been one of 36 Hong Kong deputies to the National People's Congress, China's parliament.

Lui's appointment comes at a time of increasing assertiveness at the SFC, which has challenged leading international...

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