Appointment at Hong Kong Securities and Futures Commission (SFC)

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The Hong Kong Securities and Futures Commission (SFC) will see two of its senior officials leave later this year to return to the private sector. Chief operating officer Peter Au-Yang Cheong-yan says he will leave the financial markets watchdog when his contract expires on May 25 to return to the private sector. Before joining the SFC in May 2003, Au-yang spent 18 years at HSBC's investment-banking division. Similarly, Alan Linning, the SFC's director of enforcement, will leave after June 6 to

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