Vincent Cheng
GBS JP OBE
Chairman of the Council of the Chinese University of Hong Kong
In office
24 October 2009 – 24 October 2015
Preceded byEdgar Cheng
Succeeded byNorman Leung
Chairman of The Hongkong and Shanghai Banking Corporation Limited
In office
25 May 2005 – 1 Feb 2010
Preceded byDavid Gordon Eldon
Succeeded byMichael Geoghegan
Unofficial Member of the
Legislative Council
In office
1991[1]–1995
Appointed bySir David Wilson
Personal details
Born(1948-07-16)16 July 1948[2]
Hong Kong
Died28 August 2022(2022-08-28) (aged 74)
Alma materKowloon Technical School[3]
Chinese University of Hong Kong
University of Auckland
Vincent Cheng
Traditional Chinese鄭海泉
Simplified Chinese郑海泉

Vincent Cheng Hoi-Chuen GBS OBE JP (Chinese: 鄭海泉, 16 July 1948 – 28 August 2022)[4] was a Hong Kong banker who was the Executive Director of[clarify] HSBC Holdings plc. He was also chairman of The Hongkong and Shanghai Banking Corporation Limited, the Asia-Pacific branch of HSBC and founding member of the group, from 2005 to 2010.

Early years and education

Cheng grew up in 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 Zealand, receiving his Bachelor of Social Science in Economics from the Chinese University of Hong Kong (CUHK) and a Master of Philosophy in Economics from the University of Auckland.[5]

Career

Cheng 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.[6] He took up the post of general manager in June 1995 and then the first ethnic Chinese Executive Director of the Bank in November that same year.

He was appointed vice-chairman and Chief Executive of Hang Seng Bank, a bank which The Hongkong and Shanghai Banking Corporation holds majority stake, in 1998. On 25 May 2005, he became Chairman of The Hongkong and Shanghai Banking Corporation, taking over from David Eldon. He also became the managing director of HSBC Group and the Director of HSBC Bank Australia Limited.[clarification needed] On 1 April 2007, he became Chairman of the HSBC Bank (China) Company Limited. He has also been appointed the first ethnic Chinese Executive Director of HSBC Holdings on 1 February 2008.[7]

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 Hong Kong from 1991 to 1995.

His public service duties included 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 was also Honorary President of the Hong Kong Society for Rehabilitation.

Cheng had been appointed the Justice of the Peace, Officer of the Most Excellent Order of the British Empire (OBE) (1994), and Gold Bauhinia Star (GBS) (2005).

Death

Cheng died on the night of 28 August 2022, aged 74.[4][8]

References

  1. ^ Hong Kong Monetary Authority (February 2008). "Vincent H C Cheng, GBS, OBE, JP". The Exchange Fund Advisory Committee (EFAC). Archived from the original on 14 August 2009. Retrieved 5 January 2011.
  2. ^ 鄭海泉主中台 王冬勝掌港區 [Vincent Cheng takes China and Taiwan; Peter Wong takes Hong Kong]. Sing Tao Daily (in Chinese). 26 September 2009. Archived from the original on 21 July 2011. Retrieved 5 January 2011.
  3. ^ 華叔精心設計的支聯會 [Uncle Wah's craftful design for the Alliance]. Ming Pao (in Chinese). 5 January 2011. Archived from the original on 5 January 2011. Retrieved 5 January 2011.
  4. ^ a b "Former HSBC banker Vincent Cheng dies at age 74". RTHK. 29 August 2022.
  5. ^ "Vincent Cheng Talkasia Transcript". TalkAsia. CNN. 7 October 2005. Archived from the original on 5 November 2012. Retrieved 23 January 2009.
  6. ^ "Vincent Cheng: Executive Profile & Biography – BusinessWeek". Bloomberg BusinessWeek. 2011. Archived from the original on 20 July 2012. Retrieved 31 March 2011.
  7. ^ "Meet some freshmen and a freshwoman". 2008 NPC & CPPCC Session. 29 February 2008. Archived from the original on 13 October 2012. Retrieved 23 January 2009.
  8. ^ 【滙豐HSBC】據報滙豐前亞太區主席鄭海泉離世　終年74歲 [[HSBC] Former president of the HSBC Asia Pacific Vincent Cheng reportedly dies, aged 74]. Hong Kong Economic Times (in Chinese). 29 August 2022. Retrieved 29 August 2022.
Academic offices Preceded byDr Edgar W.K. Cheng Chairman of the Council of the Chinese University of Hong Kong 2009–2015 Succeeded byTBA[needs update] Order of precedence Preceded byYeoh Eng-kiongRecipients of the Gold Bauhinia Star Hong Kong order of precedenceRecipients of the Gold Bauhinia Star Succeeded byEric Charles BarnesRecipients of the Gold Bauhinia Star
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