Carlson Tong

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Carlson Tong
Carlson Tong 1440x760-1392x600.jpg
Occupation Independent Non-Executive Director
Employer Hong Kong Exchanges & Clearing
Location Hong Kong, China
LinkedIn Profile

Carlson Tong is an independent non-executive director at Standard Chartered and at Hong Kong Exchanges & Clearing (HKEX). He served as the chairman of the Hong Kong Securities and Futures Commission (“SFC”) from October 20, 2012 to 19 October 2018. He was also the chairman of KPMG in China and Hong Kong from 2007 to 2011 and the Chairman of the Asia Pacific region and a member of the global board from 2009 to 2011.

He is expected to take over as the next chairman of HKEX after April 24, 2024, Bloomberg and other news agencies reported in March of 2024. The Chinese government owns about 5.9% of the stock exchange and appoints half of the board.[1]

As chairman, he would work alongside Bonnie Chan, the CEO of HKEX.[2]

Background[edit]

Tong joined KPMG UK in 1979, becoming an audit partner of the Hong Kong firm in 1989. He was elected chairman of KPMG China and Hong Kong in 2007, before becoming Asia Pacific chairman and a member of the global board and global executive team in 2009. He spent over 30 years at KPMG, serving as a member of the main board and growth enterprise market listing committee of the Stock Exchange of Hong Kong from 2002 to 2008 (chair from 2006 to 2008).

Tong was appointed a non-executive director of the Securities and Futures Commission after retiring from KPMG in 2011. He became chair of the commission in 2012 and stepped down in October 2018. Among the policy initiatives he oversaw during his term as chair were the introduction of the Hong Kong and Shanghai/Shenzhen Stock connect schemes and the mutual recognition of funds between the mainland and Hong Kong.

He has a history of leading difficult projects, including heading an expert group to suggest ways to boost stock market liquidity in Hong Kong, eventually resulting in the city lowering the stock stamp duty.

From 2017 until July 2020, he served as a non-executive director of the Hong Kong International Airport Authority. He was a member of the Hong Kong Human Resource Planning Commission from April 2020 until December 2022 and was the chair of the Hong Kong University Grants Committee from January 2016 until he stepped down in December 2022.

Tong was appointed an independent non-executive director of Standard Chartered PLC in February 2019.[3]

Education[edit]

He attended St. Paul's Co-educational College in Hong Kong.

References[edit]

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