Cheng joined The Hongkong and Shanghai Banking Corporation in 1978, when he worked in the Group Finance department. In 1982 he moved to the Bank's Group Planning department, before he was appointed Chief Economist in 1986. From April 1989 to April 1991, he was seconded to the Hong Kong Government's Central Policy Unit and acted as an adviser to the Governor of Hong Kong.[6] He took up the post of general manager in June 1995 and then the first ethnic Chinese Executive Director of the Bank in November that same year.
He was appointed vice-chairman and Chief Executive of Hang Seng Bank, a bank which The Hongkong and Shanghai Banking Corporation holds majority stake, in 1998. On 25 May 2005, he became Chairman of The Hongkong and Shanghai Banking Corporation, taking over from David Eldon. He also became the managing director of HSBC Group and the Director of HSBC Bank Australia Limited.[clarification needed] On 1 April 2007, he became Chairman of the HSBC Bank (China) Company Limited. He has also been appointed the first ethnic Chinese Executive Director of HSBC Holdings on 1 February 2008.[7]
In January 2008, he was appointed a member of the National Committee of the 11th Chinese People's Political Consultative Conference (CPPCC), and a senior advisor to the 11th Beijing Municipal Committee of the CPPCC.
His previous government advisory roles have included Member of the Executive Council from 1995 to 1997 and a Hong Kong Affairs Adviser to the People's Republic of China from 1994 to 1997.
Cheng died on the night of 28 August 2022, aged 74.[4][8]
References
^
Hong Kong Monetary Authority (February 2008). "Vincent H C Cheng, GBS, OBE, JP". The Exchange Fund Advisory Committee (EFAC). Archived from the original on 14 August 2009. Retrieved 5 January 2011.
^鄭海泉主中台 王冬勝掌港區 [Vincent Cheng takes China and Taiwan; Peter Wong takes Hong Kong]. Sing Tao Daily (in Chinese). 26 September 2009. Archived from the original on 21 July 2011. Retrieved 5 January 2011.
^華叔精心設計的支聯會 [Uncle Wah's craftful design for the Alliance]. Ming Pao (in Chinese). 5 January 2011. Archived from the original on 5 January 2011. Retrieved 5 January 2011.