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Senior appointments at Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) announced today (Friday) that the Financial Secretary has approved the appointment of Mr Peter Pang Sing-tong as Executive Director (Monetary Policy & Markets), and Mr Raymond Li Ling-cheung as Executive Director (Banking Policy), of the Authority.
The Executive Director (Monetary Policy & Markets) post is vacant following Mr Norman Chan's appointment as Deputy Chief Executive in June. Mr Peter Pang Sing-tong will fill the post with effect from July 22, 1996. In his new posting, Mr Pang will be responsible for monetary management, market infrastructure including the implementation of a new interbank clearing system and the promotion of the debt market.
Mr Pang joined the Government in 1979. He has since held various senior posts including Assistant Commissioner of Banking and Assistant Director of Trade. In June 1994, he joined the HKMA as Executive Director (Banking Policy). Mr Pang was instrumental in the formulation of financial disclosure packages and derivatives guidelines for authorised institutions and the introduction of amendments to the Banking Ordinance.
Mr Li will succeed Mr Pang as Executive Director (Banking Policy) with effect from July 8, 1996. He will be responsible for the development of banking supervisory and industry related policies and the legal framework laid down in the Banking Ordinance to meet evolving supervisory needs.
Mr Li joined the Government in 1982. He joined the former Monetary Affairs Branch in January 1987 as Assistant Secretary and became Principal Assistant Secretary in 1990. Mr Li became Head of Banking Development shortly after the HKMA was set up in 1993. He took up his current post of Head (Administration) in 1995.
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