Knowledge (XXG)

Antony Leung

Source 📝

69: 193: 469:, who became Financial Secretary after Leung, said in a TV interview on 29 October 2008 that the contracts between the government and AmCham were signed when Leung was still in office. "AmCham came up with this creative idea for a musical event,... required us to grant it five years' custodial rights, I believe then financial secretary thought it was reasonable." 497:
tax, which would have cost him an additional HK$ 180,000. (US$ 23,000). However, unlike other members of the Executive Council, Leung had failed to disclose the purchase to the council. News of the car purchase dealt a blow to the Hong Kong government's credibility as well as to the effectiveness of the newly introduced
458:
After the outbreak of SARS, Leung was responsible for taking action to reinvigorate Hong Kong's economy. After receiving funding of HKD 1 billion from the Legislative Council, Leung was able to launch several initiatives including the "Harbour Fest". Following his resignation, however, the Fest
421:
When in office, he proposed, in 2001, to cut the salaries of civil servants by 4.5%. However, in the face of strong opposition, the cut was reduced to 1.8–2.3% and enacted through legislation. After that, the government proposed a further 3% in salary cuts over the following 2 years, 2005 and 2006.
330:
He was embroiled in a financial scandal in early 2003 after it was revealed he had bought an expensive Lexus car shortly before imposing a new car tax, creating a controversy over conflict of interest that earned him the nickname "Lexus Leung" and which ultimately led to his resignation in July of
496:
430, just weeks before he raised the tax on new vehicles in his March budget. Although Leung claimed that he had decided on the tax increase after buying the car, which he said his family needed because of the arrival of his first-born in February. Leung denied that he was trying to avoid the new
425:
He also stated that the government should succeed in balancing the budget by the 2006–07 fiscal year due to the recovery of the economy and further cuts in government expenditure. He claimed that it was necessary to balance the budget as quickly as possible so as to maintain the stability of the
397:
Prior to becoming Financial Secretary, he was actively involved in public services. He was an unofficial member of the Executive Council (1997–2001 April) and was responsible for Education Reform when he was the Chairman of Education Commission (1998–2001 April). The Chair of the Commission was
354:. During his university studies, he actively participated in student activities and was concerned with political issues. He was also a resident of St. John's College. It had been a long-term goal of Leung to be Financial Secretary, according to some classmates. He completed 1365: 983: 787: 757: 691: 1325: 515:
refused to accept at the time. The government's unwillingness to take action after the scandal broke brought into question the sincerity of Tung's commitment to establishing an accountable government.
481: 1101: 1360: 523: 463:, and the financial relationship between the government and the American Chamber of Commerce in Hong Kong to which inexperienced body had been entrusted the Fest's organisation. 472:
Tang later clarified that the contracts were signed by Rowse and not Leung. Tang said Rowse was a civil servant and as such was not required to be held politically responsible.
1355: 795: 765: 699: 566:
Leung is currently the chairman and co-founder of New Frontier Group, an investment holding company with activities in healthcare, education and internet business.
1320: 359: 1350: 1094: 582: 1335: 1340: 860: 537:, having failed to reduce record high unemployment and revive battered consumer confidence. His resignation came just hours after Secretary for Security 312: 955: 905: 637: 498: 1087: 607: 505: 740: 324: 358:'s Programme in Management Development in 1982 and the six-week Advanced Management Programme in 1999. He received an honorary Doctor of Laws at 68: 437:
and the Hong Kong government in response to the problem of fake 10-dollar coins. About 10 special features were applied to the new notes.
1345: 556:'s Asian office in Hong Kong. He continues to serve as a senior adviser to Blackstone and a member of its international advisory board. 717:
Wong, Margaret (16 July 2003). "Hong Kong prosecutors study report into financial chief's tax-avoiding car purchase". Associated Press.
1330: 1136: 519: 374:
where he took up regional management positions in investment, corporate and private banking in Hong Kong, New York, Singapore and
403: 1370: 1182: 1119: 1110: 1013: 658: 81: 534: 217: 192: 42:. In accordance with Hong Kong custom, the Western-style name is Antony Leung and the Chinese-style name is Leung Kam-chung. 1192: 1051: 231: 1141: 509: 434: 1202: 533:
On 16 July 2003 Leung resigned with immediate effect in the wake of mass protests over the government's handling of a
379: 20: 383: 1237: 1212: 1207: 1157: 309: 857: 1065: 394:
in 2000. He relocated to Singapore shortly before he resigned from J.P.Morgan to become Financial Secretary.
526:(ICAC), that it was considering whether to charge Leung over the car controversy, which came to be known as 355: 351: 173: 676: 1315: 1232: 484:(CEPA) with China, which, it was believed, could help Hong Kong get out of a prolonged economic downturn. 615: 1197: 1162: 587: 407: 544:
On 15 December 2003, the Department of Justice announced that it was dropping the case against Leung.
382:
in 1996, where he rose to the rank of Asia-Pacific chairman. He oversaw the Asia-Pacific operation of
1310: 1247: 1177: 570: 444:" incident, he set up a 2-person commission, which he was in charge of, to investigate the incident. 402:, the former Chairperson of the Housing Authority who resigned before a vote of no confidence in the 334:
Leung is currently the Chairman of Nan Fung Group and chairman and co-founder of New Frontier Group.
315: 956:"Hong Kong's path to tech hub status is through attracting talent, says former financial secretary" 459:
became mired in controversy regarding the chaotic arrangements made with overseas artists like the
1242: 988: 378:. Leung rose to senior management positions at big international banks in Hong Kong. He joined 1167: 147: 492:
Leung came under severe criticism in January 2003 when he bought a HK$ 790,000 (US$ 101,282)
1227: 1038: 569:
He is also actively involved in charities, serving as chairman of the board of directors of
553: 430: 254: 426:
economy. He suggested expenditure cuts in different sectors, including university funding.
1282: 1172: 1122: 864: 504:
In view of the public outcry, he tried to defuse the controversy by donating money to the
347: 343: 169: 38: 1257: 880: 560: 460: 29: 844: 406:
following a scandal concerning the improper construction of housing estates under the
1304: 1222: 1187: 512: 1366:
Members of the Preparatory Committee for the Hong Kong Special Administrative Region
1262: 1252: 1217: 1079: 1006: 453: 399: 261: 104: 441: 387: 823:
Political Development in Hong Kong: State, Political Society, and Civil Society
1277: 1272: 1023: 930: 563:, the Hong Kong-based property and finance conglomerate, since February 2014. 466: 391: 386:, which became the No.2 U.S. bank when commercial bank Chase Manhattan bought 370:
Leung started his banking career as a currency trader and spent 23 years with
164: 157: 116: 638:"It's too early to care about whether Antony Leung runs for chief executive" 538: 275: 834:"Hong Kong's Financial Secretary Resigns". Associated Press. 16 July 2003 493: 371: 282: 342:
Leung was educated in Hong Kong. He received his secondary education in
323:, Guangdong) is a businessman who served as Financial Secretary of the 33: 508:, a local charity. He also submitted his resignation in March, which 375: 320: 327:(HKSAR), from 29 May 2001 until his resignation on 16 July 2003. 418:
Leung became Financial Secretary government post on 1 May 2001.
1083: 906:"Former Hong Kong minister aims to improve China's health care" 287: 319:(born 29 January 1952 in Hong Kong with family roots in 730:, Page 233. Rowman & Littlefield Publishers (2007) 1326:
Alumni of St. John's College, University of Hong Kong
659:""Lexus" Leung resurfaces at Blackstone in Hong Kong" 522:
said in July 2003, after receiving a report from the
266: 1150: 1129: 350:degree, majoring in economics and statistics, from 281: 274: 260: 253: 248: 230: 216: 207: 187: 179: 163: 153: 131: 126: 110: 98: 79: 47: 541:said she was stepping down, for personal reasons. 360:The Hong Kong University of Science and Technology 758:"Yeoh car purchase revelation new blow to Leung" 1361:Members of the Selection Committee of Hong Kong 825:, pp. 68–69. Hong Kong University Press (2007). 677:"The banker who helped build Greater Bay Area" 1293: * Includes previous Colonial Treasurers 1095: 756:Fanny Fung & Cannix Yau (19 March 2003). 653: 651: 236: 222: 8: 713: 711: 709: 583:List of graduates of University of Hong Kong 1356:Officers of the Order of the British Empire 788:"Leung kept quiet as trio told of new cars" 1102: 1088: 1080: 995: 245: 67: 44: 845:"Hong Kong Won't File Charges in Scandal" 817: 815: 813: 692:"Leung 'not to blame for Fest contracts'" 524:Independent Commission Against Corruption 499:Principal Officials Accountability System 19:For other people with similar names, see 440:By the end of 2002, in response to the " 931:"New Frontier Education – New Frontier" 599: 488:The "Lexusgate" scandal and resignation 482:Closer Economic Partnership Arrangement 325:Hong Kong Special Administrative Region 480:Before his resignation, he signed the 204: 1321:Alumni of the University of Hong Kong 7: 1351:Recipients of the Gold Bauhinia Star 1071:Recipients of the Gold Bauhinia Star 1057:Recipients of the Gold Bauhinia Star 1044:Recipients of the Gold Bauhinia Star 16:Hong Kong politician and businessman 843:Beveridge, Dirk (15 December 2003) 94:29 May 2001 – 16 July 2003 1336:Financial secretaries of Hong Kong 1137:Office of the Government Economist 535:controversial anti-subversion bill 14: 1341:Government officials of Hong Kong 858:"Antony Leung back in reckoning " 1111:Financial Secretary of Hong Kong 1014:Financial Secretary of Hong Kong 559:Leung has served as chairman at 404:Legislative Council of Hong Kong 191: 82:Financial Secretary of Hong Kong 794:. 21 March 2003. Archived from 288: 741:"A taxing tempest in a teapot" 728:A Concise History of Hong Kong 690:Cannix Yau (31 October 2003). 267: 237: 223: 1: 1052:Hong Kong order of precedence 881:"Antony Leung – New Frontier" 856:Ma, Mary (21 November 2013). 552:He served as the chairman of 183:Politician, investment banker 1142:Hong Kong Monetary Authority 739:Ma, Mary (31 October 2012). 510:Chief Executive of Hong Kong 435:Hong Kong Monetary Authority 433:notes were co-issued by the 698:. Hong Kong. Archived from 400:Dame Rosanna Wong Yick-ming 384:J.P. Morgan Chase & Co. 380:Chase Manhattan Corporation 352:The University of Hong Kong 58: 1387: 1346:Hong Kong chief executives 451: 27: 18: 1331:Alumni of Ying Wa College 1291: 1151:Previous office holders * 1117: 1062: 1049: 1035: 1030: 1020: 1011: 1003: 998: 299: 244: 212: 199: 122: 87: 75: 66: 57: 960:South China Morning Post 910:South China Morning Post 642:South China Morning Post 548:Return to private sector 346:and holds a Bachelor of 218:Traditional Chinese 1130:Subordinate departments 863:3 February 2015 at the 429:In September 2002, new 356:Harvard Business School 232:Simplified Chinese 174:University of Hong Kong 1371:Hong Kong evangelicals 306:Antony Leung Kam-chung 49:Antony Leung Kam-chung 1120:Financial Secretary: 984:"How events unfolded" 588:Politics of Hong Kong 573:'s Hong Kong branch. 520:Department of Justice 408:Home Ownership Scheme 1031:Order of precedence 571:Heifer International 992:, 16 December 2003. 847:. Associated Press. 644:. 16 December 2013. 414:Financial Secretary 999:Political offices 989:Hong Kong Standard 1298: 1297: 1078: 1077: 1073: 1063:Succeeded by 1059: 1046: 1021:Succeeded by 726:Carroll, John M. 608:"Τ 絬 糴 繵 i-CABLE" 318: 303: 302: 295: 294: 289:Loeng4 Gam2 Cung4 255:Standard Mandarin 203: 202: 148:British Hong Kong 1378: 1104: 1097: 1090: 1081: 1069: 1055: 1042: 1039:John B. Mortimer 1036:Preceded by 1004:Preceded by 996: 971: 970: 968: 966: 952: 946: 945: 943: 941: 927: 921: 920: 918: 916: 902: 896: 895: 893: 891: 877: 871: 854: 848: 841: 835: 832: 826: 819: 808: 807: 805: 803: 784: 778: 777: 775: 773: 764:. Archived from 753: 747: 737: 731: 724: 718: 715: 704: 703: 687: 681: 680: 673: 667: 666: 655: 646: 645: 634: 628: 627: 625: 623: 618:on 27 March 2020 614:. Archived from 604: 554:Blackstone Group 390:investment firm 308: 291: 290: 270: 269: 246: 240: 239: 226: 225: 205: 195: 145: 141: 139: 127:Personal details 113: 101: 92: 71: 61: 45: 1386: 1385: 1381: 1380: 1379: 1377: 1376: 1375: 1301: 1300: 1299: 1294: 1287: 1146: 1125: 1113: 1108: 1074: 1068: 1054: 1047: 1041: 1026: 1017: 1009: 980: 975: 974: 964: 962: 954: 953: 949: 939: 937: 929: 928: 924: 914: 912: 904: 903: 899: 889: 887: 879: 878: 874: 865:Wayback Machine 855: 851: 842: 838: 833: 829: 820: 811: 801: 799: 786: 785: 781: 771: 769: 755: 754: 750: 738: 734: 725: 721: 716: 707: 702:on 22 May 2011. 689: 688: 684: 675: 674: 670: 657: 656: 649: 636: 635: 631: 621: 619: 606: 605: 601: 596: 579: 550: 506:Community Chest 490: 478: 456: 450: 416: 368: 348:Social Sciences 344:Ying Wa College 340: 172: 170:Ying Wa College 146: 143: 142:29 January 1952 137: 135: 111: 99: 93: 88: 62: 59: 53: 50: 43: 24: 17: 12: 11: 5: 1384: 1382: 1374: 1373: 1368: 1363: 1358: 1353: 1348: 1343: 1338: 1333: 1328: 1323: 1318: 1313: 1303: 1302: 1296: 1295: 1292: 1289: 1288: 1286: 1285: 1280: 1275: 1270: 1265: 1260: 1255: 1250: 1245: 1240: 1235: 1230: 1225: 1220: 1215: 1210: 1205: 1200: 1195: 1193:Mitchell-Innes 1190: 1185: 1180: 1175: 1170: 1165: 1160: 1154: 1152: 1148: 1147: 1145: 1144: 1139: 1133: 1131: 1127: 1126: 1118: 1115: 1114: 1109: 1107: 1106: 1099: 1092: 1084: 1076: 1075: 1064: 1061: 1048: 1037: 1033: 1032: 1028: 1027: 1022: 1019: 1010: 1005: 1001: 1000: 994: 993: 979: 976: 973: 972: 947: 922: 897: 872: 849: 836: 827: 809: 798:on 22 May 2011 779: 768:on 22 May 2011 748: 732: 719: 705: 682: 668: 647: 629: 598: 597: 595: 592: 591: 590: 585: 578: 575: 561:Nan Fung Group 549: 546: 489: 486: 477: 474: 461:Rolling Stones 452:Main article: 449: 446: 415: 412: 367: 364: 339: 336: 301: 300: 297: 296: 293: 292: 285: 279: 278: 276:Yue: Cantonese 272: 271: 264: 258: 257: 251: 250: 249:Transcriptions 242: 241: 234: 228: 227: 220: 214: 213: 210: 209: 201: 200: 197: 196: 189: 185: 184: 181: 177: 176: 167: 161: 160: 155: 151: 150: 133: 129: 128: 124: 123: 120: 119: 114: 108: 107: 102: 96: 95: 85: 84: 77: 76: 73: 72: 64: 63: 55: 54: 51: 48: 30:Hong Kong name 15: 13: 10: 9: 6: 4: 3: 2: 1383: 1372: 1369: 1367: 1364: 1362: 1359: 1357: 1354: 1352: 1349: 1347: 1344: 1342: 1339: 1337: 1334: 1332: 1329: 1327: 1324: 1322: 1319: 1317: 1316:Living people 1314: 1312: 1309: 1308: 1306: 1290: 1284: 1281: 1279: 1276: 1274: 1271: 1269: 1266: 1264: 1261: 1259: 1256: 1254: 1251: 1249: 1246: 1244: 1241: 1239: 1238:Cowperthwaite 1236: 1234: 1231: 1229: 1226: 1224: 1221: 1219: 1216: 1214: 1211: 1209: 1206: 1204: 1201: 1199: 1196: 1194: 1191: 1189: 1186: 1184: 1181: 1179: 1176: 1174: 1171: 1169: 1166: 1164: 1161: 1159: 1156: 1155: 1153: 1149: 1143: 1140: 1138: 1135: 1134: 1132: 1128: 1124: 1121: 1116: 1112: 1105: 1100: 1098: 1093: 1091: 1086: 1085: 1082: 1072: 1067: 1060: 1058: 1053: 1045: 1040: 1034: 1029: 1025: 1016: 1015: 1008: 1002: 997: 991: 990: 985: 982: 981: 977: 961: 957: 951: 948: 936: 932: 926: 923: 911: 907: 901: 898: 886: 882: 876: 873: 870: 869:The Standard 866: 862: 859: 853: 850: 846: 840: 837: 831: 828: 824: 818: 816: 814: 810: 797: 793: 789: 783: 780: 767: 763: 759: 752: 749: 746: 745:The Standard 742: 736: 733: 729: 723: 720: 714: 712: 710: 706: 701: 697: 693: 686: 683: 678: 672: 669: 664: 660: 654: 652: 648: 643: 639: 633: 630: 617: 613: 609: 603: 600: 593: 589: 586: 584: 581: 580: 576: 574: 572: 567: 564: 562: 557: 555: 547: 545: 542: 540: 536: 531: 529: 525: 521: 516: 514: 513:Tung Chee-hwa 511: 507: 502: 500: 495: 487: 485: 483: 475: 473: 470: 468: 464: 462: 455: 447: 445: 443: 438: 436: 432: 427: 423: 419: 413: 411: 409: 405: 401: 398:succeeded by 395: 393: 389: 385: 381: 377: 373: 365: 363: 361: 357: 353: 349: 345: 337: 335: 332: 328: 326: 322: 317: 314: 311: 307: 298: 286: 284: 280: 277: 273: 268:Liáng Jǐnsōng 265: 263: 259: 256: 252: 247: 243: 235: 233: 229: 221: 219: 215: 211: 206: 198: 194: 190: 186: 182: 178: 175: 171: 168: 166: 162: 159: 156: 152: 149: 144:(age 72) 134: 130: 125: 121: 118: 115: 109: 106: 103: 97: 91: 86: 83: 78: 74: 70: 65: 56: 46: 41: 40: 35: 31: 26: 22: 1267: 1070: 1056: 1050: 1043: 1012: 1007:Donald Tsang 987: 963:. Retrieved 959: 950: 938:. Retrieved 935:New Frontier 934: 925: 913:. Retrieved 909: 900: 888:. Retrieved 885:New Frontier 884: 875: 868: 852: 839: 830: 822: 800:. Retrieved 796:the original 792:The Standard 791: 782: 770:. Retrieved 766:the original 762:The Standard 761: 751: 744: 735: 727: 722: 700:the original 696:The Standard 695: 685: 671: 662: 641: 632: 620:. Retrieved 616:the original 611: 602: 568: 565: 558: 551: 543: 532: 527: 518:Hong Kong's 517: 503: 491: 479: 471: 465: 457: 454:Harbour Fest 448:Harbour Fest 439: 428: 424: 420: 417: 396: 369: 341: 333: 329: 305: 304: 262:Hanyu Pinyin 208:Antony Leung 112:Succeeded by 105:Donald Tsang 89: 52:GBS, OBE, JP 37: 25: 1311:1952 births 1243:Haddon-Cave 1198:T. S. Smith 1178:C. C. Smith 663:FinanceAsia 612:i-cable.com 442:penny stock 388:Wall Street 331:that year. 100:Preceded by 1305:Categories 1168:Ricnaecker 1024:Henry Tang 1018:2001–2003 821:Ma, Ngok. 594:References 467:Henry Tang 392:J.P.Morgan 180:Occupation 165:Alma mater 158:Fu Mingxia 138:1952-01-29 117:Henry Tang 21:Tony Leung 1248:Bremridge 1123:Paul Chan 1066:John Chan 539:Regina Ip 528:Lexusgate 362:in 1998. 338:Education 188:Signature 90:In office 1278:J. Tsang 1263:D. Tsang 861:Archived 577:See also 501:(POAS). 494:Lexus LS 372:Citicorp 283:Jyutping 28:In this 1258:Macleod 1228:Follows 1223:Butters 1203:Thomson 1183:Russell 978:Sources 802:24 July 772:24 July 34:surname 1253:Jacobs 1233:Clarke 1213:Taylor 1208:Messer 1188:Lister 1163:Mercer 1158:Martin 965:15 May 940:15 May 915:15 May 890:15 May 622:15 May 431:HK$ 10 376:Manila 366:Career 321:Shunde 154:Spouse 32:, the 1268:Leung 1218:Caine 1173:Forth 39:Leung 1283:Chan 1273:Tang 967:2018 942:2018 917:2018 892:2018 804:2008 774:2008 624:2011 476:CEPA 132:Born 80:2nd 313:OBE 310:GBS 238:梁锦松 224:梁錦松 60:梁錦松 36:is 1307:: 986:, 958:. 933:. 908:. 883:. 867:. 812:^ 790:. 760:. 743:. 708:^ 694:. 661:. 650:^ 640:. 610:. 530:. 410:. 316:JP 140:) 1103:e 1096:t 1089:v 969:. 944:. 919:. 894:. 806:. 776:. 679:. 665:. 626:. 136:( 23:.

Index

Tony Leung
Hong Kong name
surname
Leung

Financial Secretary of Hong Kong
Donald Tsang
Henry Tang
British Hong Kong
Fu Mingxia
Alma mater
Ying Wa College
University of Hong Kong

Traditional Chinese
Simplified Chinese
Standard Mandarin
Hanyu Pinyin
Yue: Cantonese
Jyutping
GBS
OBE
JP
Shunde
Hong Kong Special Administrative Region
Ying Wa College
Social Sciences
The University of Hong Kong
Harvard Business School
The Hong Kong University of Science and Technology

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.