Harbour Crossings October 9

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SFC Chairman reappointed after winning the ‘Battle of the Weighted Voting Rights’; WKCD troubles even the very best; More pro-est presence in Lingnan.


Reappointment of SFC Chairman and Consumer Council Vice-Chairman

The Government re-appointed Mr Carlson Tong (唐家成) as Chairman of the Securities and Futures Commission for another three-year term starting from October 20, 2015. Mr Tong and the SFC emerged as the winner in the weighted voting rights battle against the Hong Kong Stock Exchange (HKEx) as the latter recently decided to shelve the plan to introduce the mechanism. More triumph expected from the securities watchdog head?

Meanwhile, the Consumer Council also saw its Vice-Chairman, Mr Philip Leung Kwong-hon (梁光漢), staying for two more years until October 6, 2015. Leung is also a non-official Director of the Financial Dispute Resolution Centre’s Board since March 2014.

 

One more quits WKCD senior post as M+ Executive Director will let his contract run out

Mr Lars Nittve, 62, announced that he will not renew his contract with the West Kowloon Cultural District Authority. The M+ Executive Director will leave the Board in January, becoming the yet another outgoing senior member after ex-CEOs Mr Graham Sheffield and Mr Michael Lynch. Mr Littve did not explain the reason of his departure but stated that he will, like Mr Lynch, assist the authority as an advisor.

Mr Littve has 30 years of museum management and held key posts in a handful of galleries in Europe. He served as the first head of Tate Modern in London and director of Moderna Museet in Stockholm. Under Mr Littve’s leadership, M+ recorded an impressive growth – too impressive that it even collected artworks of the controversial pro-democracy artist Ai Weiwei.

 

More pro-establishment presence appointed to Lingnan University Council

CY Leung appointed Ms Maggie Chan Man-ki (陳曼琪) of the DAB and New Territories Concern Group Junius Ho Kwan-yiu (何君堯) as members of the Lingnan University Council.

Both Chan and Ho have legal backgrounds. During the final days of Occupy Movement, Ms Chan sought an injunction on behalf of a minibus company to force protesters to leave the Mong Kok Occupy area. Mr Ho, meanwhile, is the former president of the Law Society of Hong Kong and he leant toward siding with the Government during the Movement. Mr Ho was once described by CY Leung’s former assistant Scott Cheng (鄭希喧) as “bearing some resemblance to Leung”.