Geoffrey Yeh Meou-tsen, chairman of Hsin Chong Holdings (Hong Kong), has emerged as favourite to become the next chairman of the Hong Kong Futures Exchange. Sources said the exchange would hold its annual general meeting in June and that the 12-member board of directors would elect a chairman from the board. Existing chairman Frank Wong Kong-shing would step down after the meeting as he has been re-elected twice and thus was ineligible under exchange rules from seeking another term. One source said the front-runner for the post would be Mr Yeh, now vice-chairman and independent director. Mr Yeh, 66, is the chairman of listed construction company Hsin Chong Holdings (Hong Kong). Exchange members and a source from the Government said Mr Yeh would be a suitable candidate as he had been the vice-chairman of the exchange since 1992. They said he had good experience in the futures exchange business. Mr Yeh said he would not comment on the issue at this stage. Market sources suggested Edward Kwan, also an exchange director, would be a suitable candidate for the chairmanship. Mr Kwan is executive director of Wardley Financial Services. He was not available for comment yesterday. Mr Yeh joined Hsin Chong Group in 1955 after obtaining a masters degree in Civil Engineering from Harvard University.