Leung, a former journalist at The Asian Wall Avenue Journal, began her time period as the primary feminine head of the SFC in January 2023. Her present three-year time period will expire on the finish of this 12 months, however sources aware of the matter stated the federal government would really like her to serve one other time period for 2 years from January 2026.
The federal government anticipated Leung to proceed to steer the SFC’s main monetary regulatory initiatives, together with Hong Kong’s itemizing reforms, the town’s improvement as a bond and yuan buying and selling centre, and digital asset buying and selling, in accordance with a supply.
Throughout her first time period, Leung had confirmed to be able to finishing up the SFC’s regulatory reforms whereas selling the town as a global monetary centre, the supply stated.
An SFC spokesman declined to touch upon Tuesday.
Though Leung would quickly attain the age of 65, that was not a problem for renewing her contract as a result of the regulator didn’t have a set retirement age for senior executives, one other supply stated.