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TUESDAY, AUGUST 3,
1993
"THE MATTER HAS TOP PRIORITY AND IS BEING VERY CAREFULLY
CONSIDERED.
"HOWEVER, AT THIS STAGE, I STILL HAVE YET TO DECIDE WHETHER I SHOULD EXERCISE MY POWER UNDER SECTION 20 OF THE CORONERS ORDINANCE TO DIRECT FURTHER INVESTIGATION AND TO REQUIRE THE CORONER TO REOPEN THE INQUIRY," HE SAID.
DEPUTY CHIEF EXECUTIVE (MONETARY) OF HKMA APPOINTED
THE HONG KONG MONETARY AUTHORITY ANNOUNCED TODAY (TUESDAY) THAT THE FINANCIAL SECRETARY HAD APPOINTED MR ANDREW SHENG AS DEPUTY CHIEF EXECUTIVE (MONETARY) OF THE HONG KONG MONETARY AUTHORITY.
THE APPOINTMENT WILL TAKE EFFECT FROM OCTOBER 1.
MR SHENG IS CURRENTLY SENIOR MANAGER, FINANCIAL MARKETS AND PAYMENT SYSTEMS, FINANCIAL SECTOR DEVELOPMENT DEPARTMENT AT THE WORLD BANK.
HE HAS BEEN WITH THE WORLD BANK FOR FOUR YEARS SINCE AFTER A 13-YEAR CAREER AT THE BANK NEGARA MALAYSIA.
IN
1989,
HIS PAST FOUR YEARS AT THE WORLD BANK, MR SHENG HAS BEEN INVOLVED IN GIVING ADVICE ON FINANCIAL SECTOR REFORMS IN A NUMBER OF DEVELOPING COUNTRIES INCLUDING CHINA.
THE FINANCIAL SECRETARY SAID MR SHENG OBVIOUSLY HAD MUCH EXPERIENCE IN CENTRAL BANKING AND VERY GOOD INTERNATIONAL EXPOSURE ON FINANCIAL AND MONETARY MATTERS.
HIS APPOINTMENT WILL BE QUITE A BOOST TO THE HONG KONG MONETARY AUTHORITY, THE FINANCIAL SECRETARY ADDED.
MR SHENG IS PASSING THROUGH HONG KONG ON HIS WAY TO CHINA ON A WORLD BANK ASSIGNMENT. HE WILL BE SPENDING A FEW DAYS IN THE HONG KONG MONETARY AUTHORITY.
MR SHENG IS A MALAYSIAN CHINESE. HE IS 47 AND MARRIED TO DR LIM SUAN POH. HE RECEIVED HIS FIRST CLASS HONOURS DEGREE IN ECONOMICS FROM THE UNIVERSITY OF BRISTOL, ENGLAND, IN 1969 AND A FELLOWSHIP AT THE INSTITUTE OF CHARTERED ACCOUNTANTS, ENGLAND AND WALES, IN 1982.
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