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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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"Singapore and Hong Kong are friendly competitors. Singapore has done a very good job in fintech, very proactive in promoting the online payment system and in encouraging startups. The two cities are very similar in development." - KC Chan.

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...

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