People familiar with the matter revealed that Ren Zhigang, the first president of the Hong Kong Financial Administration, is a popular candidate for the chairman of the board of directors of the Hong Kong Exchange.

Bloomberg News Friday (August 18) quoted anonymous insiders reported that when the first female chairman of the Hong Kong Stock Exchange ended his term in April next year, Ren Zhigang was expected to take over.Ren Zhigang, 74 years old, is one year older than Shi Melun.

The chairman appointed by the board of directors of the Hong Kong Stock Exchange must be approved by the Hong Kong Chief Executive, with a term of up to six years.

A spokesman for the Hong Kong Exchange will not comment on the report.

In the next few months, the board of directors of the Hong Kong Stock Exchange will also decide the group's chief candidate.The term of the current chief executive and former JP Morgan Chase Champions League will end in May 2024.

According to Sing Tao Daily, Ren Zhigang served as the first president of the Hong Kong HKMA from 1993 to 2009. After retiring from the HKMA, Ren Zhigang successively served as an independent non -executive director of China Construction Bank and the board of directors of UBS.Members, Tang Jiacheng, former chairman of the Securities Regulatory Commission, joined the Board of Directors of the Hong Kong Stock Exchange in April this year.