What's on the new SFC chairman's plate

Martin Wheatley will face a host of issues to deal with in Hong Kong.

Martin Wheatley, the newly appointed chairman of the Hong Kong Securities and Futures Commission SFC is likely to receive a friendly reception from the funds industry, but will face a number of challenging issues. The office of Donald Tsang, chief executive of the Hong Kong Special Administrative Region, formally announced Wheatley's appointment on Friday, replacing Andrew Sheng effective October 1.

Market participants in Hong Kong say the most striking thing is that the government is appointing a foreigner - a move that some investors applaud, saying it will bolster the SFC's independence, or at least the perception thereof since Sheng announced his retirement early this year, the rumour mill had...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222