Charles Li Xiaojia succeeded Chow Manyiu as chief executive of Hong Kong Exchanges and Clearing, in mid-January. Li will be the first chief executive of HKEx with a mainland Chinese background, having been educated in China and then the US. He was chairman of JP Morgan China from 2003 to 2009 and a non-executive director of the Shanghai Pudong Development Bank.
His three year contract includes an annual
salary of HK$7.2m ($928,000) and a performance-related
discretionary bonus, to be recommended by the remuneration
committee and approved by the board, according to the
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