Hong Kong’s Financial Chief to Stay as New Leader Picks Cabinet

Hong Kong Financial Secretary Paul Chan will stay on in his post, according to a government statement, as incoming leader John Lee opts for stability in an effort to bolster business confidence in the struggling Asian financial hub. 

The 67-year-old Chan has served as financial secretary since 2017, overseeing a deep recession triggered by anti-government protests in 2019 and a strict Covid Zero policy in the following years. Other Cabinet picks include Eric Chan Kwok-ki, who has been named chief secretary, and Senior Counsel Paul Lam Ting-Kwok, who will head the government’s judiciary, according to a statement published by the Hong Kong government on Sunday.