Hong Kong Financial Services Development Council gets Chicago backing

The beleaguered Financial Services Development Council yesterday found an unexpected ally - all the way from Chicago.

The 22-member council, a brainchild of Chief Executive Leung Chun-ying, was set up two weeks ago to promote the city's financial industry. It is headed by Executive Council member Laura Cha Shih May-lung.

Lawmakers have complained that the council is beyond the ambit of their scrutiny and that its functions overlap with those of other regulators and promotional bodies.

via Business feed http://www.scmp.com/business/banking-finance/article/1138943/hong-kong-financial-services-development-council-gets