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
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