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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.

"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...