[citation needed] Chan taught for nine years at Max M. Fisher College of Business in Ohio State University.
Before joining the government, Chan held several public service positions including chairman of the Consumer Council and director of the Hong Kong Futures Exchange.
[4] Chan joined the government on 1 July 2007 when he was appointed as the Secretary for Financial Services and the Treasury by Donald Tsang.
This included updating financial regulations to align with international standards and improving the regulatory framework to prevent future crises.
Development of Offshore Renminbi Market: Promoting Hong Kong as a leading offshore Renminbi (RMB) center involved overcoming various hurdles, such as establishing the necessary infrastructure and regulatory framework to support RMB transactions.