Advisory Committees

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Advisory Committees

The Exchange Fund Advisory Committee

Pursuant to Section 3(1) of the Exchange Fund Ordinance, the Financial Secretary’s

control of the Fund shall be exercised in consultation with an Exchange Fund Advisory

Committee of which the Financial Secretary shall be ex officio chairman and of which the

other members shall be appointed by the Chief Executive of the Hong Kong Special

Administrative Region.

The role of the Committee is to advise the Financial Secretary as controller of the

Exchange Fund on general policy relating to its deployment. The members sit on the

Committee in a personal capacity. The Committee meets regularly and on other occasions

when particular advice is being sought.

Main Photo: (From left to right) Professor Richard WONG Dr David LI Mr David ELDON Mr Joseph YAM Mr LIANG Xiaoting Mr Donald TSANG Mr Marvin CHEUNG Mr Mervyn DAVIES Dr James KUNG (From left) Professor JAO Yu-ching Mr Antony LEUNG

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Advisory Committees

Chairman The Exchange Fund Advisory Committee The Honourable Donald TSANG, JP# Sub-Committee on THE FINANCIAL SECRETARY Currency Board Operations

Chairman Members Mr Joseph YAM, JP Mr Joseph YAM, JP THE MONETARY AUTHORITY THE MONETARY AUTHORITY

Mr David ELDON+ Member CHAIRMAN Mr David CARSE, JP THE HONGKONG AND SHANGHAI DEPUTY CHIEF EXECUTIVE BANKING CORPORATION LIMITED HONG KONG MONETARY AUTHORITY Mr E Mervyn DAVIES+ Mr Norman CHAN, JP GROUP EXECUTIVE DIRECTOR DEPUTY CHIEF EXECUTIVE HONG KONG, CHINA AND NORTH EAST ASIA HONG KONG MONETARY AUTHORITY STANDARD CHARTERED BANK

Mr Andrew SHENG, SBS Mr LIANG Xiaoting+ DEPUTY CHIEF EXECUTIVE DIRECTOR HONG KONG MONETARY AUTHORITY (UNTIL 30.9.98) BANK OF CHINA

Mr Tony LATTER The Honourable Antony K C LEUNG, JP# DEPUTY CHIEF EXECUTIVE MANAGING DIRECTOR AND REGIONAL MANAGER HONG KONG MONETARY AUTHORITY (FROM 4.1.99) GREATER CHINA AND THE PHILIPPINES THE CHASE MANHATTAN BANK Dr The Honourable David K P LI, LLD, JP CHAIRMAN AND CHIEF EXECUTIVE Dr The Honourable David K P LI, LLD, JP* THE BANK OF EAST ASIA LIMITED CHAIRMAN AND CHIEF EXECUTIVE THE BANK OF EAST ASIA LIMITED Mr Marvin K T CHEUNG, JP SENIOR PARTNER Mr Marvin K T CHEUNG, JP+ KPMG SENIOR PARTNER KPMG Mr E Mervyn DAVIES Professor Y C JAO GROUP EXECUTIVE DIRECTOR HONG KONG, CHINA AND NORTH EAST ASIA SCHOOL OF ECONOMICS AND FINANCE STANDARD CHARTERED BANK (MEMBER UNTIL 31.12.98) THE UNIVERSITY OF HONG KONG (MEMBER UNTIL 31.12.98)

Professor Richard Y C WONG Mr LIANG Xiaoting DIRECTOR DIRECTOR, SCHOOL OF BUSINESS BANK OF CHINA (MEMBER FROM 1.1.99) THE UNIVERSITY OF HONG KONG (MEMBER FROM 1.1.99)

Dr James Z M KUNG Mr John GREENWOOD VICE CHAIRMAN AND CHIEF GROUP ECONOMIST CHAIRMAN AND CHIEF MANAGER INVESCO ASIA LIMITED (MEMBER FROM 13.11.98) CHEKIANG FIRST BANK LIMITED (MEMBER FROM 1.5.98)

Professor TSANG Shu-ki Secretary DEPARTMENT OF ECONOMICS HONG KONG BAPTIST UNIVERSITY (MEMBER FROM 13.11.98) Mr Arthur YUEN Professor Y C JAO SCHOOL OF ECONOMICS AND FINANCE THE UNIVERSITY OF HONG KONG (MEMBER UNTIL 31.12.98)

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Advisory Committees

Professor Richard Y C WONG The Banking Advisory Committee DIRECTOR, SCHOOL OF BUSINESS THE UNIVERSITY OF HONG KONG (MEMBER FROM 1.1.99) Chairman The Honourable Donald TSANG, JP# Secretary THE FINANCIAL SECRETARY Mr Arthur YUEN

Ex Officio Member The Land Fund Advisory Committee Mr Joseph YAM, JP THE MONETARY AUTHORITY Chairman The Honourable Donald TSANG, JP# Members THE FINANCIAL SECRETARY Mr Christopher LANGLEY, OBE REPRESENTING THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED Deputy Chairmen Mr Joseph YAM, JP Mr LIU Jinbao THE MONETARY AUTHORITY REPRESENTING BANK OF CHINA

The Honourable S M CHUNG, JP# Mr E Mervyn DAVIES MANAGING DIRECTOR REPRESENTING STANDARD CHARTERED BANK BOCI ASSET MANAGEMENT LIMITED Mr Nobuo KUCHIKI (MEMBER UNTIL 28.5.98) Members Mr Alain SIMON Dr The Honourable David K P LI, LLD, JP* (MEMBER UNTIL 6.8.98) CHAIRMAN AND CHIEF EXECUTIVE THE BANK OF EAST ASIA LIMITED Mr Didier BALME (MEMBER FROM 23.9.98) Mr Vincent H C CHENG, JP@ VICE CHAIRMAN AND CHIEF EXECUTIVE Mr Takeshi TANIMURA HANG SENG BANK LIMITED (MEMBER FROM 24.7.98)

The Honourable Antony K C LEUNG, JP# Mr Roderick CHALMERS MANAGING DIRECTOR AND REGIONAL MANAGER Mr Patrick FUNG GREATER CHINA AND THE PHILIPPINES THE CHASE MANHATTAN BANK Mr James E HULIHAN, Jr

Mr Robert George KOTEWALL, SC Mr LIU Jinbao@ CHIEF EXECUTIVE Dr The Honourable David K P LI, LLD, JP* HONG KONG - MACAU REGIONAL OFFICE Mr David S Y WONG, JP BANK OF CHINA Mr Raymond YUNG Mr E Mervyn DAVIES@ GROUP EXECUTIVE DIRECTOR Secretary HONG KONG, CHINA AND NORTH EAST ASIA STANDARD CHARTERED BANK Mr Eddie WAN (MEMBER FROM 1.3.98) (UNTIL 15.11.98)

Dr James Z M KUNG Mr Peter LI CHAIRMAN AND CHIEF MANAGER (FROM 16.11.98 TO 17.1.99) CHEKIANG FIRST BANK LIMITED (MEMBER FROM 1.5.98) Mr Vincent LEE (FROM 18.1.99) Secretary Ms Margaret LEE

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Advisory Committees

The Deposit-Taking Companies Advisory Committee

Chairman Mr Paul MUTHER The Honourable Donald TSANG, JP# Mr Steven NICHOLS THE FINANCIAL SECRETARY Mr Randolph Gordon SULLIVAN Mr TAN Yoke-kong Ex Officio Member Mr Joseph YAM, JP Secretary THE MONETARY AUTHORITY Mr Eddie WAN (UNTIL 15.11.98)

Members Mr Peter LI Mr Anthony NEOH, SC, JP (FROM 16.11.98 TO 17.1.99) REPRESENTING THE SECURITIES AND FUTURES COMMISSION (MEMBER UNTIL 30.9.98) Mr Vincent LEE (FROM 18.1.99) Mr Andrew SHENG, SBS REPRESENTING THE SECURITIES AND FUTURES COMMISSION (MEMBER FROM 1.10.98)

Mr Alex M C AU REPRESENTING THE HONG KONG ASSOCIATION OF RESTRICTED # Member of the Executive Council LICENCE BANKS AND DEPOSIT–TAKING COMPANIES (MEMBER UNTIL 3.12.98) * Member of the Legislative Council

+ Member of the Audit Sub-Committee of Mr Ian BOYCE the Exchange Fund Advisory Committee. (MEMBER UNTIL 31.3.99) This Sub-Committee is chaired by Mr Marvin CHEUNG. Mr Yoshihiko MIYATA @ Member of the Audit Sub-Committee of (MEMBER UNTIL 24.4.98) the Land Fund Advisory Committee. This Sub-Committee is chaired by Mr Toshiyuki MORIOKA Mr Vincent CHENG from 1.5.98. (MEMBER FROM 5.6.98 TO 5.11.98)

Mr Peter NG REPRESENTING THE HONG KONG ASSOCIATION OF RESTRICTED LICENCE BANKS AND DEPOSIT–TAKING COMPANIES (MEMBER FROM 6.1.99)

Mr Takehiro SAKURAI (MEMBER FROM 23.12.98)

Mr Stephen CASWELL Mr Corky K K JUNG

The Honourable Eric K C LI, JP* Mr MOK Wai-kin