Fintech trailblazer
When he was Hong Kong's Secretary for Financial Services and the Treasury, KC Chan handled ground-breaking cross-border measures such as offshore yuan trading. Now, as chairman of WeLab's upcoming virtual bank, he's leading the HK fintech firm's venture into online banking.
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SEATED in a conference room of the company he now chairs, Chan Ka-keung remarks breezily about his new role at Hong Kong's largest independent online lender, WeLab: "The job is the easiest (I've ever had)."
It sounds like an understatement from the former HK Secretary for Financial Services and T-reasury, followed by a touch of irony: "It has a very clear focus. The bottom line is clear."
Known as "KC" among the city's elite, Prof Chan is a C-suite veteran of Hong Kong's academic and government establishments. Since returning to his native Hong Kong from the United States 26 years ago, he has gone from being a professor and university administrator to a public policy adviser on such issues as foreign exchange, competition policy, and consumer protection, eventually taking the top government post overseeing the day-to-day policy-making of the city's financial services industry.
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