KC Chan

Chan Ka-keung Ceajer GBS JP (Chinese: 陳家強, born 10 February 1957),^[1] also referred to as KC Chan, is a Hong Kong politician and economist who previously served as the Secretary for Financial Services and the Treasury. He is also the ex officio chairman of the Kowloon-Canton Railway Corporation, and an ex officio member of the Hong Kong International Theme Parks board of directors. Chan left the government and rejoined the Hong Kong University of Science and Technology in 2017. He is currently the chairman of WeLab Bank, a digital bank in Hong Kong.

Chan holds a bachelor's degree in economics awarded by Wesleyan University, followed by an MBA and a PhD in finance from the University of Chicago.^{[citation needed]}

Chan taught for nine years at Max M. Fisher College of Business in Ohio State University.^[2] In 1993 he was named Dean of Business/Management and Professor of Finance at the Hong Kong University of Science and Technology.

Before joining the government, Chan held several public service positions including chairman of the Consumer Council and director of the Hong Kong Futures Exchange.^[3] He was also a member of the Exchange Fund Advisory Committee.^[4]

Chan joined the government on 1 July 2007 when he was appointed as the Secretary for Financial Services and the Treasury by Donald Tsang.^{[citation needed]}

During his tenure as Secretary for Financial Services and the Treasury, Prof. K.C. Chan faced several significant challenges:

Global Financial Crisis (2008): One of the most critical challenges was navigating Hong Kong through the global financial crisis and maintaining investor confidence during this period.

Regulatory Reforms: Implementing regulatory reforms to enhance the resilience of Hong Kong’s financial markets was another challenge. This included updating financial regulations to align with international standards and improving the regulatory framework to prevent future crises.

Development of Offshore Renminbi Market: Promoting Hong Kong as a leading offshore Renminbi (RMB) center involved overcoming various hurdles, such as establishing the necessary infrastructure and regulatory framework to support RMB transactions.

Integration with Mainland China: Strengthening financial ties with Mainland China while maintaining Hong Kong’s unique regulatory environment under the “One Country, Two Systems” principle posed ongoing challenges. This included initiatives like the Hong Kong-Shanghai Stock Connect.

Technological Advancements: Keeping up with rapid technological advancements in the financial sector and promoting fintech innovation while ensuring robust cybersecurity measures and investor protection was a continuous challenge.

• Chan, K.C., Karolyi, G.A. & Stulz, R.M., "Global financial markets and the risk premium on U.S. equity", Journal of Financial Economics 32 (2), 1992, pp. 137–167
• Chan, K.C., Chen, N. & Hsieh, D.A., "An exploratory investigation of the firm size effect", Journal of Financial Economics 14 (3), 1985, pp. 451–47

• Professor K.C. Chan biodata from the Hong Kong government