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Laura Cha

Laura Cha is a Hong Kong financial regulator and business leader who served as Deputy Chairman of the Securities and Futures Commission of Hong Kong and Vice Chairman of the China Securities Regulatory Commission, chaired Hong Kong Exchanges and Clearing Limited (HKEX) from 2018 to 2024, and was a member of Hong Kong’s Executive Council from 2004 to 2022. She has been a trustee of The Rockefeller FoundationThe Rockefeller FoundationThe Rockefeller Foundation is a private philanthropic foundation headquartered in New York City. It was chartered by New York State legislation in 1913 with funding from Standard Oil founder John D. Rockefeller, with the mission “to promote the well-being of mankind throughout the world.” In its early years it funded global public health, medical education, and yellow fever vaccine research; in the mid-20th century it supported agricultural programs that came to be known as the “Green Revolution”; and in recent years it has focused its work on energy, health, food, and climate.Open the full entry since 2023.

Contents23 sections
Key facts

Early Life: Education in the United States

Cha received a Bachelor of Arts from the University of Wisconsin-Madison and a Juris Doctor (J.D.) from Santa Clara University in California.⁠[1]

Practicing Law in San Francisco and Hong Kong

Beginning in 1983, Cha practiced law first in San Francisco and then in Hong Kong.⁠[1][2]

Joining the Hong Kong Securities and Futures Commission

In 1991, Cha joined the Securities and Futures Commission (SFC) of Hong Kong, where she worked until 2000, becoming Deputy Chairman in 1998.⁠[3]

Silver Bauhinia Star

In 2001, the Hong Kong SAR Government awarded Cha the Silver Bauhinia Star in recognition of her public service.⁠[3]

Vice Chairman of the China Securities Regulatory Commission

In January 2001, Cha was appointed Vice Chairman of the China Securities Regulatory Commission, becoming the first person from outside mainland China to join the central government of the People’s Republic of China at vice-ministerial rank; she held the post until 2004.⁠[3][3]

Honorary Doctor of Laws from HKUST

In 2002, the Hong Kong University of Science and Technology conferred an honorary Doctor of Laws degree on Cha.⁠[1]

Joining Hong Kong’s Executive Council

In 2004, Cha became a member of the Executive Council of the Hong Kong SAR, serving until 2022.⁠[3]

Chairing the UGC and the ICAC Corruption Prevention Advisory Committee

From 2007 to 2011, Cha chaired Hong Kong’s University Grants Committee (UGC); from 2007 to 2012, she chaired the Corruption Prevention Advisory Committee of the Independent Commission Against Corruption.⁠[3][1]

Gold Bauhinia Star

In 2009, the Hong Kong SAR Government awarded Cha the Gold Bauhinia Star.⁠[3]

World Economic Forum Global Agenda Council on the Global Financial System

From 2010 to 2013, Cha was a member of the World Economic Forum’s Global Agenda Council on the Global Financial System.⁠[2]

Founding Chairman of the Financial Services Development Council

In January 2013, Cha became the founding chairman of Hong Kong’s Financial Services Development Council, serving until July 2018.⁠[3][1]

Grand Bauhinia Medal

In 2017, the Hong Kong SAR Government awarded Cha the Grand Bauhinia Medal in recognition of her public service.⁠[3]

Appointed to the HKEX Board by the Government

On February 12, 2018, HKEX announced that the Hong Kong SAR Government had appointed Cha as a director of HKEX for a term running from the conclusion of the 2018 annual general meeting to the conclusion of the 2020 annual general meeting. Then-HKEX Chairman Chow Chung-kong welcomed her return to the board. Cha said that HKEX was an important cornerstone of Hong Kong’s financial markets and that she looked forward to serving on the board again.⁠[4][4][4][4]

Chairman of HKEX

On April 26, 2018, the HKEX board resolved to appoint Cha as its chairman, and she also took on roles including director of the London Metal Exchange. Following the Chief Executive’s written approval, the appointment took effect on May 4, 2018; she was the first woman to chair HKEX.⁠[5][5][6][1]

As chairman, she established HKEX’s first International Advisory Council, composed of leaders from the international financial community, and pushed to strengthen the group’s governance structure.⁠[1][1]

Non-Executive Chairman of The Hongkong and Shanghai Banking Corporation

In December 2019, Cha was appointed the first female non-executive chairman of The Hongkong and Shanghai Banking Corporation Limited; she was also an independent non-executive director of HSBC Holdings until she left the HSBC board in May 2022.⁠[1][7]

Named to Fortune’s Most Powerful Women International List

In 2020, Cha was named to Fortune’s list of the 50 Most Powerful Women International.⁠[1]

Honorary Doctorate from The Hong Kong Polytechnic University

In January 2021, The Hong Kong Polytechnic University announced that it would confer an honorary doctorate on Cha in recognition of her achievements in finance; PolyU said she had had a profound influence on the development of the financial services industry in Hong Kong and the mainland.⁠[8][8][8]

Independent Non-Executive Director of Ant Group

In June 2022, Ant Group appointed Cha as an independent non-executive director.⁠[7]

Joining the Board of The Rockefeller Foundation

In 2023, Cha joined the board of trustees of The Rockefeller Foundation.⁠[3]

Stepping Down as HKEX Chairman

After the conclusion of HKEX’s annual general meeting on April 24, 2024, Cha retired from the board, which resolved that Carlson Tong would succeed her as chairman and appointed her as a senior adviser to the board from April 25, 2024, to April 24, 2025; she continued to chair HKEX’s International Advisory Council and its China Mainland Advisory Group.⁠[9][9][9]

Other Roles

Cha’s other roles include member of the Hong Kong-United States Business Council, independent non-executive director of Ant Group, senior international adviser to Foundation Asset Management Sweden AB, member of Sotheby’s International Advisory Board, vice chairman of the International Advisory Council of the China Securities Regulatory Commission, and director of the World Federation of Exchanges. She previously served as an independent non-executive director of Unilever and HSBC Holdings and was a member of the Committee of 100.⁠[3][3][3][2][2]

Related Organizations, Websites, and Public Accounts

Hong Kong Exchanges and Clearing Limited: Official website: https://www.hkexgroup.com/ (opens in a new window).⁠[6]

The Rockefeller Foundation: Official website: https://www.rockefellerfoundation.org/ (opens in a new window).⁠[10]

Sources

  1. My Story - Laura M Cha, Chairman, Hong Kong Exchanges and Clearing Limited (HKEX) (opens in a new window)
  2. Laura M. Cha - The Bretton Woods Committee (opens in a new window)
  3. Laura M. Cha | RF (opens in a new window)
  4. HKEX Welcomes Government Appointments to its Board (opens in a new window)
  5. Appointment of Chairman (opens in a new window)
  6. Appointment of Chairman Approved (opens in a new window)
  7. Ant Group Names HKEX Chair Laura Cha to Board (opens in a new window)
  8. Three distinguished individuals conferred honorary doctorates by PolyU (opens in a new window)
  9. Appointment of Chairman (opens in a new window)
  10. Board of Trustees (opens in a new window)