Bulletin Autumn‧Winter 2005

The 62n d Congregatio n for the Confermen t of Degree s i n v o l v e d i n t h i s w a y , a g l o b a l b a n k can be also t r u l y local. M r . C h e n g ' s p e r s o n a l p h i l o s o p h y , s h a p ed b y h i s e a r l y d a y s at C U H K , is t h a t s e r v i ce t o o t h e rs is t h e secret o f success. Success ca n o n l y be me a s u r e d , n o t by h o w m u c h o n e t a k es f r o m s o c i e t y b u t b y h o w m u c h on e c o n t r i b u t es t o it. For h i m , leadership i n a n y o r g a n i z a t i on i n v o l v e s vision, th e p o w e r t o c o m m u n i c a te i t , t h e a b i l i t y t o h a r n e s s s u p p o r t f r o m c o l l e a g u es a n d t h e a b i l i t y t o a d a p t t o c h a n g e. B u t a b o ve a l l l e a d e r s h ip i n v o l v es the capacity t o listen t o a d v i c e a n d a g e n u i ne c o n c e rn f o r e v e r y m e m b e r o f t h e t e am. O n e o f h is p r o u d e s t a c h i e v e m e n ts a t H a n g S e ng w a s t h a t he m a n a g e d t o l e a d t he b a n k t h o u g h t h e economic d o w n - t u r n o f recent years w i t h o u t a n y i n v o l u n t a r y r e d u n d a n c i e s . W i t h h i m at t he h e l m, HS BC w i l l be k n o w n as a compassionate emp l o y e r . M r . C h e n g h i m s e l f ha s g i v e n b a c k a great deal t o the H o n g K o n g c o mm u n i t y b y w a y o f p u b l i c a n d c o mm u n i t y service. H e is c h a i r man o f v a r i o us s t a t u t o r y a n d i n d u s t r i a l bodies, i n c l u d i n g th e Process R e v i e w Panel f or t h e Securities a n d F u t u r es C o mm i s s i on a nd th e S t a n d i ng C omm i t t ee o n Directorate Salaries a n d C o n d i t i o n s o f Se r v i c e o f t h e H o n g K o n g G o v e r n m e n t . H e i s a v i c e - p r e s i d e n t a n d c h a i r m an o f t h e H o ng K o n g I n s t i t u te o f B a n k e rs a n d a m e m b e r o f t h e Beijing M u n i c i p a l C omm i t t e e o f the Chinese People's Po l i t i c a l C o n s u l t a t i v e Conference. H e w a s also a m e m b e r o f n u m e r o us o t h er key bodies, such as th e L a n d F u nd A d v i s o r y C o m m i t t e e o f t h e H o n g K o n g M o n e t a r y A u t h o r i t y , th e L o n g T e rm H o u s i ng Strategy A d v i s o r y C o mm i t t e e a n d t h e H o n g K o n g Port a n d M a r i t i me Board. H e has also p l a y e d h is p a r t i n k e y G o v e r n m e nt d e c i s i o ns i n H o n g K o n g , as a m e m b er o f t he L e g i s l a t i v e C o u n c il a n d o f t he E x e c u t i v e C o u n c i l, a n d as a H o n g K o n g A f f a i r s A d v i s e r a n d a m e m b er o f th e Election C omm i t t ee (Finance Su b s e c t o r ). H e has b e e n c h a i r m a n o f t h e M a n d a t o ry P r o v i d e nt F u n d A d v i s o r y Bo a rd a n d a m e m b e r o f t h e C h i e f E x e c u t i v e 's C o mm i s s i on o n I n n o v a t i on a n d Technology, t h e C e n t r a l P o l i c y U n i t , t h e E c o n o m i c A d v i s o r y C o mm i t t e e a n d t he I n d u s t r y a n d T e c h n o l o g y D e v e l o p m e n t Co u n c i l. M r . C h e n g 's c o m m u n i t y c o n t r i b u t i o n s i n c l u de hi s c h a i r ma n s h i p o f the H a n g Seng School o f C omme r ce f r om 1998 to M a y 2005 a nd th e Bo a rd of Trustees o f the L o r d W i l s on Heritage Trust. H e is also a v i c e - p a t r on o f th e C o m m u n i t y Ch e s t o f H o n g K o n g a n d ha s s e r v e d o n t he H o n g K o n g Ba l l et L i m i t e d Board o f Go v e r n o rs a n d the H o n g K o n g Re d Cross A d v i s o r y Board . M r . C h e n g has also g i v e n a g r e a t d e a l of hi s t i me a nd w i s d om t o education i n H o ng K o n g a s a m e m b er o f v a r i o u s g o v e r n i n g councils, i n c l u d i ng th e C o u n c i l o f the H o n g K o n g I n s t i t u t e o f E d u c a t i o n , the U n i v e r s i t y C o u n c i l o f t h e H o n g K o n g P o l y t e c h n ic U n i v e r s i ty a n d the C o u n c i l o f St . Stephen's Girls' College . A t this U n i v e r s i ty he is o n the B o a r d o f T r u s t e e s o f N e w A s i a C o l l e g e, w h e r e he ha s m a de m a n y c o n t r i b u t i o ns o f h is t i m e , e f f o r t a n d e x p e r t i se f o r t h e advancement o f t he U n i v e r s i t y. A s a v i s i t i n g professor o f Zhejiang University and Shenzhen U n i v e r s i t y a n d a n h o n o r a r y p r o f e s s or o f S o u t h w e s t e rn U n i v e r s i t y o f F i n a n ce a n d E c o n om i c s, h e e n j o y s n o t h i n g b e t t er t h a n s h a r i ng hi s i n s i g h ts i n lectures t o m a i n l a n d students. M r . C h e ng ha s been h o n o u r ed w i t h a n O B E i n 199 4 a nd t h i s y e a r w i t h a G o l d Ba u h i n ia Star. H e is a Justice o f the Peace a n d w a s a w a r d e d a n H o n o r a r y F e l l o w s h ip o f this U n i v e r s i ty i n 2002. It i s a great h o n o u r , M r . Ch a n c e l l o r , t o p r e s e nt t o y o u M r. V i n c e n t C h e n g , distinguished b a n k e r a n d a l u m n u s o f t h i s U n i v e r s i t y , f o r t he a w a r d o f t h e d e g r e e o f Do c t o r o f Social Science, honoris causa. This citation is written by P r o f . David Parker 2 6 Chinese University Bulletin Autumn • Winte r 2005