Monday, 15 April 2024

In memory of Paul Chow, former CEO of HKEX – a remarkable and inspirational leader

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Chow, a luminary of Hong Kong’s financial industry, passed away on 1 June 2023 at the age of 76, leaving a profound void among peers who respected him for his dedicated stewardship of HKEX, and his generosity of spirit

Paul Chow Man-yiu, venerable CEO of the Hong Kong Exchanges and Clearing (HKEX), passed away peacefully at a hospital in Hong Kong, surrounded by his family. He was known to be a remarkable and inspirational leader, recognised for his strong governance, strategic execution, and commitment to integrity.

In 2010, The Asian Banker (TAB) conferred the Achievement Award for Markets and Exchanges on HKEX, while Chow received the Leadership Achievement Award for Markets and Exchanges. He continued his friendship with TAB, serving on its Council of Advisors from 2012 to 2018. 

He made indelible contributions to the growth and development of HKEX as CEO for 13 years, from 1992 to 1997, and again from 2003 until his retirement in 2010. 

As CEO, Chow oversaw the implementation of several initiatives to increase market transparency, strengthen regulatory standards, and solidify the exchange’s status as a major international financial centre. He was keenly aware of the importance of aligning Hong Kong’s market regulations with international standards to enhance its competitiveness.

He granted the greenlight for mainland companies to list on HKEX; these now account for more than 80% of market capitalisation and revenue. Chow was instrumental in creating HKEX, through the merger of the Hong Kong Futures Exchange with the Stock Exchange of Hong Kong in 2000.

Chow’s invaluable contributions were celebrated by his peers in the financial and IT industries. Known for his generosity and willingness to share his views, he commanded respect from colleagues across the industry, and also their loyalty.

Paul Chow leaves behind his wife, two sons and two grandchildren.

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