Paul Chow, the former CEO of the Hong Kong Exchanges and Clearing Limited (HKEX), passed away on Thursday evening at a city hospital.
Chow, who was 75 years old, led HKEX for two terms, a total of 13 years, during which he introduced several significant changes to the stock exchange.
Chow's tenure at HKEX saw the introduction of H shares, electronic trading, and clearing, among other initiatives.
He also oversaw the listing of mainland Chinese shares on the exchange, which played a significant role in the development of Hong Kong's financial market.
Chow's contributions to the financial industry in Hong Kong were widely recognized.
He was a recipient of the Grand Bauhinia Medal, the highest honor conferred by the Hong Kong SAR government, for his services to the community and the financial industry.
Chow's death is a significant loss to the financial industry, and his legacy will be remembered for years to come.