Veteran banker Chan Tze-ching is the new face in this year's HKEx board election. A former head of the Hong Kong office of Citigroup where he worked for 27 years, Mr Chan left the US lender two years ago. After taking a six-month break from full-time banking, he had a brief stint at Bank of China (Hong Kong) as deputy chief executive but stayed for only two months. He is now a consultant for Bank of East Asia. Why did you decide to enter the HKEx director election? I did not propose myself to run for selection but was approached by the exchange nomination committee. I accept this. The long-term success of Hong Kong to a large extent will depend on a vibrant stock market. What do you suggest the exchange should do to cope with the current financial crisis? To be honest, I have no specific proposal to HKEx to increase turnover and the number of initial public offerings. These are very important issues but are related to market sentiment. I believe we should not do anything to try to boost short-term performance. The stock exchange should focus on other issues to improve market quality such as encouraging firms to boost transparency and its trading and settlement system. What would you recommend to repair the image of HKEx after the recent setbacks of the blackout period and closing auction system? I do not think the setbacks created an adverse impact on the image of the exchange. That these setbacks happened indicates only one thing - HKEx will always try to introduce new initiatives to improve itself. Do you think HKEx should introduce quarterly reporting? Quarterly reporting is not the solution to corporate governance problems.