Hong Kong Exchanges and Clearing Co., Ltd. (hereinafter referred to as the “Hong Kong Stock Exchange”) may again undergo personnel changes.
According to Bloomberg ’s report on May 20, Li Gang, head of market development at the Hong Kong Stock Exchange, will leave before the end of the year. A spokesperson for the Hong Kong Stock Exchange said the exchange does not comment on individual staff matters.
Public information shows that Li Gang graduated from the University of Science and Technology of China with a Bachelor of Science (Department of Earth and Space Sciences). He was the Chief Executive Officer of Shanghai Billionton Metal and the Vice President of JPMorgan Chase Investment Bank . Li Gang joined the Hong Kong Stock Exchange as a senior consultant in 2013 and was appointed as the co-head of the Mainland Affairs Division on April 13, 2015. On January 1, 2016, Li Gang was appointed as the joint head of market development on the Hong Kong Stock Exchange. The Market Development Section includes the non-market operations of the Mainland Affairs Section and the Global Market Section, such as customer business development and product development. In addition, the Market Development Section is responsible for income sources and product development plans for all asset classes in the international and mainland markets. On February 28, 2019, Li Gang was appointed as the head of market development, mainly responsible for the business development of the group’s fixed-rate and currency products and commodities products, as well as related market promotion work and strategic projects in the Mainland, as well as overseeing the Qianhai Stock Exchange Center development.
Recently, there have been many personnel changes on the Hong Kong Stock Exchange.
On May 7, the Hong Kong Stock Exchange issued a notice saying that Li Xiaojia, the CEO who has been serving for ten years, informed the board today that his current contract is to be in 2021. At the end of October, it will not renew the group chief executive contract. According to the Hong Kong Stock Exchange, Li Xiaojia promised to continue to lead the group until or before that date (until the appointment of his successor).
On May 8, a surging news reporter learned from the Hong Kong Stock Exchange that Shi Lin, the co-head of IPO, had resigned from the Hong Kong Stock Exchange for personal reasons. This is only one week after the end of April 2020, the Hong Kong Stock Exchange appointed the former senior vice president of listed issuer supervision Liu Ying as the managing director and co-head of the IPO review.
Prior to April 29, the Hong Kong Stock Exchange appointed Liu Ying, the former senior vice president of the oversight of listed issuers, as managing director and co-head of the IPO review. It is reported that Liu Ying holds lawyer qualifications in Hong Kong, China, and England, Wales and other places. In addition, Liu Ying has 20 years of experience in corporate finance and listing related matters. After the appointment takes effect on May 1, Liu Ying will report to the listing director Chen Yiting reports.