Barry Cheung

[3] Cheung resigned from his official duties on 24 May 2013 amidst controversy and over the suspension of HKMEx by the securities regulator and allegations of possible irregularities at the exchange.

Cheung worked for the management consultancy McKinsey & Company; he was also a member of the Central Policy Unit of the Hong Kong government in 1993.

In 1994, he left McKinsey to become chief executive of London Stock Exchange-listed Fortune Oil, a commodity trading company operating in mainland China.

By 2007, Titan Petrochemicals was under water and was required to restructure, and sold off assets in order to settle debts and increase cash flow.

[7] Cheung was recruited by Heidrich & Struggles to serve as an independent non-executive director ("INED") for UC Rusal.

[17] The extension of his term as URA chairman in 2013, beyond the usual six-year limit on holding the same post, was alleged by the Civic Party to be a political reward.

On 22 May 2013, Cheung took a leave of absence from his official duties after HKMEx folded and after the Securities and Futures Commission found "serious" suspected irregularities there that resulted in a police investigation and several arrests.

[4] He resigned from all his official positions, including his membership of the Executive Council and the URA, on 24 May 2013, when he became subject to a criminal investigation upon the collapse of the exchange.

[20] At a hearing in August 2014, businessman Leung Chi-hon and investor in CNQC International Holdings petitioned Cheung's bankruptcy due to the latter's inability to repay 4.7 million owing to him.