China to be notified of Tsang post

THE Hong Kong Government will inform China today that Secretary for the Treasury Donald Tsang Yam-kuen will succeed Sir Hamish Macleod as Financial Secretary, sources said.

Beijing is not expected to object to the appointment, which will be officially announced next week.

Mr Tsang will lead a delegation to Beijing this month.

The Government's financial contact with China will be further intensified by a visit shortly afterwards by a delegation headed by Secretary for Trade and Industry Chau Tak-hay.

Mr Tsang's tour will study the mainland financial system, while Mr Chau seeks better trade contacts.

Mr Tsang is expected to relinquish his post at the end of April. His deputy Kwong Ki-chi is set to take over.