UNDAUNTED by previous defeats, accountant Peter Chan Po-fun is planning to try his luck again in the Legislative Council elections in September. Mr Chan, 73, said he was interested in the accountancy functional constituency, where he would face appointed legislator Eric Li Ka-cheung and possibly Liberal Party member Edward Chow Kwong-fai. A founding member of the Hong Kong Stock Exchange, Mr Chan stood in the financial services functional constituency in 1991, to be defeated by Chim Pui-chung. He was defeated by the incumbent accountancy Legco representative Peter Wong Hong-yuen in 1988. Mr Chan said he moved back to accountancy because he had been in the profession for many years. It had been a mistake to run for the financial services seat. He said he was not concerned about his chances of winning. 'You have to have the Olympic spirit. Just like playing mahjong, you don't necessarily have to know who your competitors are.' Mr Chan sided with a number of small practitioners in 1992, opposing a practice-review system. The bill, which was passed, empowered the Hong Kong Society of Accountants to review auditors' work to ensure accountancy standards. He believed small firms would identify with him rather than Mr Li. But Mr Li disagreed. He said he was a small practitioner and had pushed for significant amendments to the practice-review system in the society's council to meet the needs of small firms. The appointed legislator said he was not a one-issue councillor and had worked on many issues related to the profession, such as building links with China. Mr Wong said he would not support any candidate as he felt it was vital for the incumbent to remain neutral.