Chan Ka Keung Ceajer (, born 10 February 1957), also referred to as KC Chan, is a

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

politician and economist who previously served as the

Secretary for Financial Services and the Treasury The Secretary for Financial Services and the Treasury, head of Financial Services and the Treasury Bureau of the Hong Kong Government, is responsible for the monitoring of financial services sector and maintaining the assets of the governme ...

. He is also the ''ex officio'' chairman of the

Kowloon-Canton Railway Corporation The Kowloon-Canton Railway Corporation (KCRC; ) is a Government of Hong Kong, Hong Kong State-owned enterprise, wholly government-owned railway and land Asset management, asset manager. It was established in 1982 under the Kowloon-Canton Railw ...

, 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 The Hong Kong University of Science and Technology (HKUST) is a public research university in Sai Kung District, New Territories, Hong Kong. Founded in 1991, it was the territory's third institution to be granted university status, and the firs ...

in 2017. He is currently the chairman of

WeLab Bank WeLab Bank Limited () is a virtual bank and a wholly owned subsidiary of WeLab. History Founding to launch (2018–2020) In 2017, the Hong Kong Monetary Authority (HKMA) began to explore the need to accelerate the development of FinTech fi ...

, a digital bank in Hong Kong.

Education

Chan holds a

bachelor's degree A bachelor's degree (from Medieval Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate degree awarded by colleges and universities upon completion of a course of study lasting three to six years ...

in economics awarded by

Wesleyan University Wesleyan University ( ) is a Private university, private liberal arts college, liberal arts university in Middletown, Connecticut, United States. It was founded in 1831 as a Men's colleges in the United States, men's college under the Methodi ...

, followed by an

MBA A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular a ...

and a PhD in finance from the

University of Chicago The University of Chicago (UChicago, Chicago, or UChi) is a Private university, private research university in Chicago, Illinois, United States. Its main campus is in the Hyde Park, Chicago, Hyde Park neighborhood on Chicago's South Side, Chic ...

Career

Chan taught for nine years at Max M. Fisher College of Business in

Ohio State University The Ohio State University (Ohio State or OSU) is a public university, public Land-grant university, land-grant research university in Columbus, Ohio, United States. A member of the University System of Ohio, it was founded in 1870. It is one ...

. In 1993 he was named Dean of Business/Management and Professor of Finance at the

. Before joining the government, Chan held several public service positions including chairman of the Consumer Council and director of the

Hong Kong Futures Exchange Hong Kong Futures Exchange (HKFE) is a futures exchange in Hong Kong. Established in 1976, it offered a variety of options and futures contracts, linked to stock market indices, stocks, short-term interest rates, and foreign exchange. HKFE is a su ...

. He was also a member of the Exchange Fund Advisory Committee. Chan joined the government on 1 July 2007 when he was appointed as the

Donald Tsang Sir Donald Tsang Yam-kuen (; born 7 October 1944) is a former Hong Kong civil servant who served as the second Chief Executive of Hong Kong from 2005 to 2012. Tsang joined the colonial civil service as an Executive Officer in 1967, occupyi ...

. 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 The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...

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

Professor K.C. Chan biodata
from the Hong Kong government {{DEFAULTSORT:Chan, Kakeung 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 Chan, K. C. Recipients of the Silver Bauhinia Star Members of the Election Committee of Hong Kong, 2021–2026 Ohio State University faculty