The battle for the financial services sector seat in September's Legislative Council elections is hotting up, with the chairman of the Hong Kong Securities Professionals Association, Christopher Cheung Wah-fung, saying he may run. 'I have been working in the stockbroking industry for 32 years and I am still taking orders for investors every day. I know the needs and the difficulties of the 450 stockbrokers in Hong Kong. I would like to speak on behalf of them in the lawmaking body,' Mr Cheung said. Small brokers, which account for 385 of the 450 stockbroking firms, have experienced a tough time, with their market share dropping to its second-lowest record of 14.08 per cent last month, while the top 14 brokerage houses took 52.09 per cent. 'Cepa, [the qualified domestic institutional investor] and other developments may benefit the big players but have little to do with local institutions. The [Securities and Futures Commission] and the government should do more to help local firms survive,' he said. Election candidates usually only admit to seriously considering contesting a seat late in the day for fear of having to declare expenses once they announce they are running in the election. Others who have expressed an interest in the seat include disgraced former legislator Chim Pui-chung who took the seat from 1991 to 1998 before spending 12 months in jail after being convicted of plotting to forge share documents, and incumbent legislator Henry Wu King-cheong. Fung Ka-pun, executive co-chairman of E2 Capital (Holdings), and former legislator Fung Chi-kin, who is also president of the Chinese Gold and Silver Exchange Society, have expressed an interest. Born in Fujian in 1952 but raised in Hong Kong, Mr Cheung started working for a local stock brokering firm in 1972. He started his own firm Christfund Securities in 1980. Mr Cheung was a stock exchange council member from 1997 to 2000 and became chairman of the stockbrokers' association body last month. Should he be elected, Mr Cheung said he would fight for regulations to help small brokers, as well as looking to secure them better business opportunities on the mainland.