On September 29 this year, Li Xiaojia, the current president of the Hong Kong Stock Exchange, notified the board of directors of the Hong Kong Stock Exchange that he would retire as president early. According to the arrangement, Li Xiaojia’s term of office will end on December 31. However, according to the latest news from foreign media, as of now, the selection committee of the Hong Kong Stock Exchange has not made a decision on the successor.
Earlier, Li Xiaojia notified the board of directors that he would not renew the post of president in May this year. At that time, the Hong Kong Stock Exchange established a company composed of the chairman of the board of directors of the Hong Kong Stock Exchange Shi Meilun and the director of the Hong Kong Stock Exchange. The selection committee composed of Rui, Hong Pizheng and Si Bolun is responsible for selecting the next president of the Hong Kong Stock Exchange.
Li Xiaojia originally planned to expire in October 2021. Regarding any early retirement, he responded that he had decided not to renew his appointment and believed that there will be no major breakthroughs under the epidemic this year. The Hong Kong Stock Exchange is also in the harvest period. The lowest cost.
The Hong Kong Stock Exchange pointed out in its September announcement that the selection committee has officially launched the process of identifying a new group chief executive, and related work is progressing well, and an announcement will be made in due course. However, with three days left before Li Xiaojia's resignation, it is still unknown whether the Hong Kong Stock Exchange can finalize the next head.
According to reports from Hong Kong media, the current candidates include Dai Zhijian, co-president and chief operating officer of the Hong Kong Stock Exchange, Yao Jiaren, head of marketing of the Hong Kong Stock Exchange, Liu Zhening, co-head of HSBC Asia Pacific Global Banking, and Zhai Pu, former managing director of JP Morgan Chase , And Mark Machin, President and Chief Executive Officer of Canada Pension Fund Investment Corporation.
Another media report pointed out that Li Xiaojia's departure was related to the tense relationship with Hong Kong Stock Exchange Chairman Shi Meilun. Li Xiaojia's personality was more casual, and occasionally some important issues were not notified to the board of directors in advance, which caused dissatisfaction.
It is reported that the selection committee for Li Xiaojia’s successor will pay more attention to whether it can give the mainland enough confidence to cooperate closely with Hong Kong, and it needs to have a more obvious international background. At present, the internal opinions of the committee have not been unified. In this regard, a spokesperson for the Hong Kong Stock Exchange said that the selection committee is working in a transparent manner and declined to comment on the news and will announce the candidates in due course.
