KC Chan
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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.Script error: No such module "Unsubst".
Career
Chan taught for nine years at Max M. Fisher College of Business in Ohio State University.[2] 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.[3] He was also a member of the Exchange Fund Advisory Committee.[4]
Chan joined the government on 1 July 2007 when he was appointed as the Secretary for Financial Services and the Treasury by Donald Tsang.Script error: No such module "Unsubst".
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
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- ↑ Full name and year of birth information sourced from Library of Congress Authorities data, via corresponding Library of Congress Linked Data Service: linked authority record n89669240.
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External links
- Professor K.C. Chan biodata from the Hong Kong government
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- Pages with script errors
- Members of the Executive Council of Hong Kong
- 1957 births
- Living people
- Government officials of Hong Kong
- Alumni of King's College, Hong Kong
- Academic staff of the Hong Kong University of Science and Technology
- Wesleyan University alumni
- University of Chicago Booth School of Business alumni
- Kowloon-Canton Railway Corporation
- Hong Kong academics
- Recipients of the Silver Bauhinia Star
- Members of the Election Committee of Hong Kong, 2021–2026
- Ohio State University faculty