Hong Kong bourse raises CEO’s annual salary to HK$9.3 million, before bonus and stock options
HKEX has raised the salary of its chief executive by 3.5 per cent as it renews his contract for three more years.
Hong Kong Exchanges and Clearing Limited (HKEX) has raised the salary of its chief executive by 3.5 per cent as it renews his contract for three more years, rewarding him for leading the 2017 overhaul in listing rules that could return the world’s fourth-largest equity bourse to pole position in the global race for fundraising.
His contract renewal makes Li, 56, the longest-serving CEO on the city’s exchange. By the time his contract expires in 2021, he would’ve been on the exchange for 12 years, longer than any other job he has held in his career.
Another three years in the driving seat of the exchange “is the first step to work together” to reform and overhaul the system for companies to raise funds, said the HKEX chairwoman Laura Cha Shih May-lung, during a ceremony marking the 18th anniversary of the bourse.
“Charles’ achievements in the past nine years have been noted,” Cha said. “We’ll work together for more challenging times ahead. We are working on our next three-year strategy,” which will be announced in January 2019, she said.