Next MTR Head Must Restore Confidence: CE

"); jQuery("#212 h3").html("

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1442442_1_20190212175532.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1442442-20190212.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1442442-20190212.htm', 'DCS.dcsqry', '' ); } } }); }); });

2019-02-12 HKT 11:56

Share this story

facebook

  • Chief Executive Carrie Lam says it's unfortunate that the MTR Corporation has found itself embroiled in scandal over the past year. Photo: RTHK

    Chief Executive Carrie Lam says it's unfortunate that the MTR Corporation has found itself embroiled in scandal over the past year. Photo: RTHK

  • Rex Au Yeung will reportedly take over as chairman of the MTR Corporation this summer. File photo: RTHK

    Rex Au Yeung will reportedly take over as chairman of the MTR Corporation this summer. File photo: RTHK

The Chief Executive, Carrie Lam, said on Tuesday that whoever takes up the role as the next chairman of the MTR Corporation will have to work hard to restore public confidence in the rail company following its series of construction scandals.

Lam refused to comment on reports that Rex Au Yeung, the head of Lingnan University’s Council, will take over the role from incumbent Frederick Ma in June. She said an announcement will be made at an appropriate time.

She pointed out that the chairman position is extremely challenging, being as the MTR is a large corporation with businesses in Hong Kong and overseas, and because the public has high expectations of the rail operator and its services.

The CE said it was unfortunate that various problems have emerged during the MTR's construction of the future Shatin-Central Link.

Workers are alleged to have cut short steel bars supporting platforms at Hung Hom Station, design plans have not been followed, and other stations have been hit by subsidence scares.

Ma's three-year contract will expire at the end of June. Au Yeung, who is tipped to replace him, previously headed the Asian branch of a US-based investment management company.

RECENT NEWS

Future Fintechs Hong Kong Subsidiary Seeks VASP And Asset Management Licenses

Future Fintech, a financial and digital technology services provider, announced that its wholly owned Hong Kong subsidi... Read more

Can Regulation Scale With Innovation? Inside The Stablecoin Plans Of HK And The U.S.

Back in 2022, stablecoins were still an emerging topic. Yet, they stirred enough flurry for the Hong Kong Monetary Auth... Read more

Cyberport Start-ups Forge Regional Fintech Ties At MyFintech Week 2025 In Malaysia

Cyberport led a delegation of its fintech start-ups to MyFintech Week 2025 (MyFW 2025), held in Kuala Lumpur from 4 to ... Read more

Hong Kongs Stablecoin Law Triggers Industry Concerns Over KYC Rules

Hong Kong’s newly implemented stablecoin law, in effect since 1 August, has sparked concern among some in the industr... Read more

Stopping Fraud At The Gate: The New Imperative For Registration & Transaction Monitoring

The Asia-Pacific fintech landscape is thriving, fueled by the rapid adoption of digital payments, online banking and al... Read more

Hong Kong Private Banks See 14% Growth, Hire 400 More Wealth Managers

Hong Kong’s private banking and wealth management sectors are poised for further growth in hiring and office expansio... Read more