KC Chan

{{Infobox officeholder

| honorific-prefix = Professor

| name = Chan Ka Keung Ceajer "KC"

| native_name = {{nobold|陳家強}}

| native_name_lang = zh-hk

| honorific-suffix = GBS SBS JP

| birth_date = {{birth date and age|df=yes|1957|2|10}}

| alma_mater = King's College, Hong Kong
Wesleyan University
University of Chicago

| office1 = Secretary for Financial Services and the Treasury

| 1blankname1 = Chief Executive

| 1namedata1 = Donald Tsang
Leung Chun-ying

| term_start1 = 1 July 2007

| term_end1 = 30 June 2017

| predecessor1 = Frederick Ma

| successor1 = James Lau

| office2 = Dean of Business and Management, HKUST

| term_start2 = 2002

| term_end2 = 2007

| predecessor2 = Chan Yuk-shee

| successor2 = Leonard Cheng

}}

{{Infobox Chinese

| t = 陳家強

| s = 陈家强

| p = Chén Jiāqiáng

| y = Chàhn Gākèuhng

| first = t

}}

Chan Ka Keung Ceajer {{Post-nominals|country=HKG|GBS|SBS|JP}} ({{Zh|t=陳家強}}, born 10 February 1957),{{cite linked authority file|id=n89669240|text=Full name and year of birth}} 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.

Education

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.{{Cn|date=July 2024}}

Career

Chan taught for nine years at Max M. Fisher College of Business in Ohio State University.{{cite book|title=Risk and the Economy: A Finance Perspective|issue=97–108|publisher=Ohio State University|author-link1=KC Chan|last1=Chan|first1=Ceajer K.|author-link2=René M. Stulz|first2=René M|last2=Stulz|year=1986}} 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.{{usurped|1=[https://archive.today/20121202223320/http://www.cdeclips.com/en/hongkong/HK's_advantage_as_a_financial_center/fullstory_68238.html Article title]}} page5 He was also a member of the Exchange Fund Advisory Committee.{{Cite web |url=http://www.cpu.gov.hk/tc/documents/csd/csd_edc_bios.pdf |title=Committee on Economic Development and Economic Cooperation with the Mainland |access-date=26 July 2008 |archive-url=https://web.archive.org/web/20061207181612/http://www.cpu.gov.hk/tc/documents/csd/csd_edc_bios.pdf |archive-date=7 December 2006 |url-status=dead }}

Chan joined the government on 1 July 2007 when he was appointed as the Secretary for Financial Services and the Treasury by Donald Tsang.{{Cn|date=July 2024}}

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

2008 financial crisis: One of the most critical challenges was navigating Hong Kong through the 2008 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.

List of publications

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

References

External links

[http://www.gov.hk/en/about/govdirectory/po/sfst.htm Professor K.C. Chan biodata] from the Hong Kong government

{{s-ttl|title=Dean of Business and Management, HKUST|years=2002–2007}}

{{s-ttl|title=Chairman of Hong Kong Consumer Council|years=2005–2007}}

{{s-ttl|title=Secretary for Financial Services and the Treasury|years=2007–2017}}

Category:1957 births

Category:Living people

Category:Government officials of Hong Kong

Category:Alumni of King's College, Hong Kong

Category:Academic staff of the Hong Kong University of Science and Technology

Category:Wesleyan University alumni

Category:University of Chicago Booth School of Business alumni

Category:Kowloon-Canton Railway Corporation

Chan, K. C.

Category:Recipients of the Silver Bauhinia Star

Category:Members of the Election Committee of Hong Kong, 2021–2026

Category:Ohio State University faculty