The Financial Secretary, with the authority delegated by the Chief Executive, has re-appointed Professor Chan Ngai-hang as a member of the Hong Kong Deposit Protection Board (HKDPB).

     The above appointment was gazetted today (December 16) for a term of three years with effect from January 1, 2017.

     Professor Chan is the Chair Professor of Statistics of the Chinese University of Hong Kong. He has served as a member of the HKDPB since 2014, with his current term expiring on December 31, 2016.

     Announcing the appointment, a government spokesman said, "Professor Chan Ngai-hang has made a significant contribution to the work of the HKDPB in the past years. We look forward to continuing working closely with him to maintain a trusted Deposit Protection Scheme in Hong Kong."

     The HKDPB is a statutory body established under the Deposit Protection Scheme Ordinance. It manages the operation of the Deposit Protection Scheme, which provides compensation for protected deposits held with a failed member bank of up to $500,000 per depositor.

Ends/Friday, December 16, 2016
Issued at HKT 12:35

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