Vincent Cheng
Encyclopedia
Vincent Cheng Hoi-Chuen GBS
OBE
JP
' onMouseout='HidePop("37486")' href="/topics/Hong_Kong">Hong Kong
) is the first Chinese
Executive Director of HSBC Holdings plc, he was also the first Chinese Chairman of The Hongkong and Shanghai Banking Corporation Limited from 2005 to 2010.
, receiving his Bachelor of Social Science degree in Economics from the Chinese University of Hong Kong
and a Master of Philosophy in Economics from the University of Auckland
of the Bank in November that same year.
He was appointed Vice-Chairman and Chief Executive of Hang Seng Bank
in 1998. In 25 May 2005, he became Chairman of The Hongkong and Shanghai Banking Corporation who take over from David Eldon
. He also became the Managing Director of HSBC Group and the Director of HSBC Bank Australia Limited. In 1 April 2007, he became Chairman of the HSBC Bank (China) Company Limited. He has also been appointed the first Chinese Executive Director of HSBC Holdings in 1 February 2008.
In January 2008, he 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 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.
He was appointed the Justice of the Peace
, Officer of the Most Excellent Order of the British Empire (1994) and Gold Bauhinia Star
(2005).
Gold Bauhinia Star
The Gold Bauhinia Star is the highest rank in Order of the Bauhinia Star in Hong Kong, created in 1997 to replace the British honours system of the Order of the British Empire after the transfer of sovereignty to People's Republic of China and the establishment of the Hong Kong Special...
OBE
Order of the British Empire
The Most Excellent Order of the British Empire is an order of chivalry established on 4 June 1917 by George V of the United Kingdom. The Order comprises five classes in civil and military divisions...
JP
Justice of the Peace
A justice of the peace is a puisne judicial officer elected or appointed by means of a commission to keep the peace. Depending on the jurisdiction, they might dispense summary justice or merely deal with local administrative applications in common law jurisdictions...
' onMouseout='HidePop("37486")' href="/topics/Hong_Kong">Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
) is the first Chinese
Chinese people
The term Chinese people may refer to any of the following:*People with Han Chinese ethnicity ....
Executive Director of HSBC Holdings plc, he was also the first Chinese Chairman of The Hongkong and Shanghai Banking Corporation Limited from 2005 to 2010.
Early Years & Education
Vincent grew up into a poor family of six, despite difficult circumstances and having been crippled by polio at a young age. He was educated in Hong Kong and in New ZealandNew Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
, receiving his Bachelor of Social Science degree in Economics from the Chinese University of Hong Kong
Chinese University of Hong Kong
The Chinese University of Hong Kong is a research-led university in Hong Kong.CUHK is the only tertiary education institution in Hong Kong with Nobel Prize winners on its faculty, including Chen Ning Yang, James Mirrlees, Robert Alexander Mundell and Charles K. Kao...
and a Master of Philosophy in Economics from the University of Auckland
University of Auckland
The University of Auckland is a university located in Auckland, New Zealand. It is the largest university in the country and the highest ranked in the 2011 QS World University Rankings, having been ranked worldwide...
Career
He joined The Hongkong and Shanghai Banking Corporation in 1978, when he worked in the Group Finance department. In 1982 he moved to the Bank's Group Planning department, before he was appointed Chief Economist in 1986. From April 1989 to April 1991, he was seconded to the Hong Kong Government's Central Policy Unit and acted as an adviser to the Governor of Hong Kong. He took up the post of General Manager in June 1995 and then the first Chinese Executive DirectorExecutive director
Executive director is a term sometimes applied to the chief executive officer or managing director of an organization, company, or corporation. It is widely used in North American non-profit organizations, though in recent decades many U.S. nonprofits have adopted the title "President/CEO"...
of the Bank in November that same year.
He was appointed Vice-Chairman and Chief Executive of Hang Seng Bank
Hang Seng Bank
Hang Seng Bank Limited is the second largest bank in Hong Kong. It is a listed company but it is majority owned by the HSBC Group via The Hongkong and Shanghai Banking Corporation. Hang Seng is also one of the constituent shares of the Hang Seng Index...
in 1998. In 25 May 2005, he became Chairman of The Hongkong and Shanghai Banking Corporation who take over from David Eldon
David Eldon
David Gordon Eldon is former Chairman of The Hongkong and Shanghai Banking Corporation Limited. He retired in May 2005, after spending 37 years with HSBC Group. He is now the Senior Adviser of PricewaterhouseCoopers.-Personal history:...
. He also became the Managing Director of HSBC Group and the Director of HSBC Bank Australia Limited. In 1 April 2007, he became Chairman of the HSBC Bank (China) Company Limited. He has also been appointed the first Chinese Executive Director of HSBC Holdings in 1 February 2008.
In January 2008, he 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 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.
He was appointed the Justice of the Peace
Justice of the Peace
A justice of the peace is a puisne judicial officer elected or appointed by means of a commission to keep the peace. Depending on the jurisdiction, they might dispense summary justice or merely deal with local administrative applications in common law jurisdictions...
, Officer of the Most Excellent Order of the British Empire (1994) and Gold Bauhinia Star
Gold Bauhinia Star
The Gold Bauhinia Star is the highest rank in Order of the Bauhinia Star in Hong Kong, created in 1997 to replace the British honours system of the Order of the British Empire after the transfer of sovereignty to People's Republic of China and the establishment of the Hong Kong Special...
(2005).