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Council

The Financial Reporting Council (FRC) comprises the following members in accordance with the requirements of the Financial Reporting Council Ordinance, a majority of whom, including the Chairman, are lay members.


Chairman

Dr Kelvin Wong, JP

Dr Wong is the immediate past Chairman and was the Chairman of The Hong Kong Institute of Directors (2009-2014) and a member of Operations Review Committee of Independent Commission Against Corruption.

He is an Executive Director, a Deputy Managing Director and the Chairman of Corporate Governance Committee of COSCO SHIPPING Ports Limited. He is also an Independent Non-executive Director of seven listed companies in Hong Kong.

He was a Non-executive Director of Securities and Futures Commission (2012-2018), the Chairman of Investor Education Centre (2017-2018), a member of Financial Reporting Council (2015-2018), a convenor-cum-member of Financial Reporting Review Panel (2013-2016), a member of Standing Committee on Company Law Reform (2010-2016), a member of Main Board and GEM Listing Committees of The Stock Exchange of Hong Kong Limited (2007-2013) and a member of Auditing and Assurance Standards Committee of Hong Kong Institute of Certified Public Accountants (2006-2008).

Dr Wong holds a Master of Business Administration degree from Andrews University in Michigan, USA, and a Doctor of Business Administration degree from The Hong Kong Polytechnic University.

Members

Mr Chan Tze Ching, BBS, JP
(appointed on the nomination of the Hong Kong Exchanges and Clearing Limited)

Mr Chan is a Senior Advisor of The Bank of East Asia and CVC Capital Partners. He is a veteran banker, with over 30 years of banking experience covering Hong Kong, Japan, Taiwan and Mainland China. He currently serves on the boards of various listed companies, NGOs and government statutory bodies.

Mr Eugene Fung, SC

Mr Fung is a barrister in private practice. He is experienced in the fields of commercial law, trusts and probate, tax, property litigation, and company and insolvency law. He is also a Recorder of the High Court, the Chairman of the Banking Review Tribunal and a Deputy Chairman of the Administrative Appeals Board. He was a member of the Law Reform Commission of Hong Kong from 2012 to 2018.

Mr Wilson Fung
(appointed on the nomination of the Hong Kong Institute of Certified Public Accountants)

Mr Fung has over 17 years of experience in auditing in Hong Kong and England followed by 21 years as a financial controller in Jardine Matheson. He is a fellow member of the Hong Kong Institute of Certified Public Accountants, the Association of Chartered Certified Accountants and the Institute of Chartered Accountants in England and Wales. He was elected as President of the Hong Kong Institute of Certified Public Accountants in 2010. He was formerly a convenor to the Financial Reporting Review Panel of the Financial Reporting Council (2007-2013). Mr Fung is the Founding President of Hong Kong Business Accountants Association and currently serves on the Boards of several NGOs and statutory bodies.

Mr Stephen Hung

Mr. Stephen Hung is the Past President and a current member of the Council of the Law Society of Hong Kong.

As a representative of the Law Society, he serves Judicial Officers Recommendation Commission.

In his own capacity, he serves on the Hong Kong Examinations and Assessment Authority, the Law Reform Commission, Sub-committee on Causing or Allowing the Death of a Child, the Communications Authority, the Professional Services Advancement Support Scheme Vetting Committee and the Lump Sum Grant Steering Committee.

He is an Adjunct Professor of Law of Hong Kong Shue Yan University, the Law School of Beijing Normal University and Visiting Professor of the Faculty of International Law of China University of Political Science and Law in Beijing, China.

Ms Miranda Kwok

Ms Kwok is the President and Executive Director of China Construction Bank (Asia). She has been serving the bank for over 34 years. She is Vice-President of the Hong Kong Institute of Bankers, member of the EFAC Financial Infrastructure and Market Development Sub-committee, Hong Kong Export Credit Insurance Corporation Advisory Board as well as the Air Transport Licensing Authority.

Ms Rosita Lee

Ms Lee is the Head of Investment Products and Advisory Business of Hang Seng Bank Limited, a Director and Chief Executive Officer of Hang Seng Investment Management Limited, a Director and Chief Executive Officer of Hang Seng Investment Services Limited, a Director of Hang Seng Qianhai Fund Management Company Limited and a member of China Committee of Hong Kong General Chamber of Commerce. She serves a number of public appointments in HK, including Securities and Futures Commission, The Sir David Trench Fund for Recreation, The Hong Kong Jockey Club Music and Dance Fund, and the Correctional Service Children’s Education Trust.

Ms Lee holds a Bachelor of Social Sciences Degree from The University of Hong Kong, a Master of Science Degree in Global Finance jointly awarded by the Hong Kong University of Science and Technology and New York University STERN Business School and is CFPcm certified.

Mr Wong Kai Man, BBS, JP
(appointed on the nomination of the Securities and Futures Commission)

Mr Wong was a Non-executive Director of the Securities and Futures Commission (2009-2015) and a member of the Listing Committee of the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (1999-2003). He was an audit partner of PricewaterhouseCoopers, Hong Kong before his retirement in June 2005. He has served/is serving as an independent Non-executive Director of several companies listed in Hong Kong. Mr Wong has also served on advisory committees and statutory bodies established by the Government of the Hong Kong Special Administrative Region, boards of charities and councils of universities.

Ms Eirene Yeung

Ms Yeung is Executive Committee member and the Company Secretary of CK Asset Holdings Limited.

She is also a member of the SFC (HKEC Listing) Committee of the Securities and Futures Commission, the Advisory Committee on Corruption of the Independent Commission Against Corruption and the Vice Chairman of the General Committee of The Chamber of Hong Kong Listed Companies. She is a solicitor of the High Court of the Hong Kong Special Administrative Region and a non-practising solicitor of the Senior Courts of England and Wales.

Ms Ada Chung, JP (ex-officio)

Ms Chung is the Registrar of Companies. As a representative of the Financial Secretary, she is an ex-officio council member of the Hong Kong Institute of Certified Public Accountants. She is also a fellow of the Hong Kong Institute of Chartered Secretaries and the Hong Kong Institute of Directors. Before her appointment as the Registrar, she was a Deputy Law Officer of the Department of Justice. She is qualified as a certified public accountant and a barrister-at-law.

Mr Paul F. Winkelmann (ex-officio)

Mr Winkelmann is the Chief Executive Officer of the Financial Reporting Council. He has rich experience in the accounting profession. He was the partner-in-charge of PricewaterhouseCoopers’ Risk and Quality team in Greater China (2002-2014) and was the president of the Hong Kong Institute of Certified Public Accountants in 2009. He also served as the Chairman of the Financial Reporting Standards Committee of the Hong Kong Institute of Certified Public Accountants (2004-2009) which oversaw the full convergence of Hong Kong’s accounting standards with the international standards. He is a former member of the Operations Oversight Committee of the Financial Reporting Council from August 2013 until his appointment as Chief Executive Officer.

Page last updated: 22 January 2019