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Market Focus - China and India Discussion

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Vincent Cheng Hoi Chuen has been Chairman of The Hongkong and Shanghai Banking Corporation Limited since May 2005, and Chairman of HSBC Bank (China) Company Limited since March 2007.

Mr. Cheng joined the HSBC Group in 1978 when he worked in the Group Finance department of The Hongkong and Shanghai Banking Corporation. He moved to the Group Planning department in 1982, before he was appointed Chief Economist in 1986.

In April 1989, Mr. Cheng was seconded to the Hong Kong Government's Central Policy Unit and served as an adviser to the Governor of Hong Kong for two years. He rejoined HSBC in 1992 as Senior Manager, Economic and Strategic Research, before becoming the bank's Chief Financial Officer in 1994. He took up the post of General Manager in June 1995 and then Executive Director in November that same year.

Mr. Cheng was appointed Vice-Chairman and Chief Executive of Hang Seng Bank in 1998, and became Chairman of The Hongkong and Shanghai Banking Corporation Limited on 25 May 2005. Mr. Cheng was also named Chairman of HSBC Bank (China) Company Limited when the company was locally incorporated in mainland China on 29 March 2007.

In January 2008, Mr. Cheng was appointed a member of the National Committee of the 11th Chinese People's Political Consultative Conference (CPPCC), and a senior advisor to the 11th Beijing Municipal Committee of the CPPCC. His previous government advisory roles have included Member of the Executive Council (the Hong Kong Government's highest policy-making body) from 1995 to 1997 and a Hong Kong Affairs Adviser to the People's Republic of China from 1994 to 1997. He was also a Member of the Legislative Council of the Hong Kong Government from 1991 to 1995.

His current public service duties include serving as Chairman of the Standing Committee on Directorate Salaries and Conditions of Service for the Government of the Hong Kong Special Administrative Region and Member of the Exchange Fund Advisory Committee of the Hong Kong Monetary Authority. He is also Honorary President of the Hong Kong Society for Rehabilitation.

In December 2005, Mr. Cheng was conferred the degree of Doctor of Social Science, honoris causa, by The Chinese University of Hong Kong and the degree of Doctor of Business Administration, honoris causa, by The Open University. In July 2005, Mr. Cheng was awarded the Gold Bauhinia Star by the Government of the HKSAR for his distinguished community service.

Mr. Cheng was educated in Hong Kong and in New Zealand, receiving his Bachelor of Social Science degree in Economics from The Chinese University of Hong Kong and a Master of Philosophy degree in Economics from The University of Auckland.

Mr. Cheng is married with two daughters.

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