The trailblazing banker from Hong Kong, Vincent Cheng, passes away at the age of 74. Cheng was the first Chinese banker to hold the position of executive director at HSBC. Let’s see how he died and Vincent Cheng cause of death in detail below
How did Vincent Cheng die?
Cheng’s passing is mourned by Chief Executive John Lee, who calls him an “esteemed banker.” The pioneering executive director of HSBC and the first Chinese citizen of Hong Kong, Vincent Cheng Hoi-Chuen, passed away at the age of 74. Friends remember Cheng, who passed away on Sunday, for his sharp mind and keen sense of the market.
Also, Cheng made history in 2005 when he became the first Chinese chairman of the British bank’s Asia-Pacific division. A house on The Peak with the Cantonese name of Taipan House at 19 Middle Gap Road that had previously been designated for foreign bank executives, he was also the first local to occupy it.
Vincent Cheng cause of death
Cheng, who graduated from the Chinese University of Hong Kong with an economics degree in 1973, took up the top job in 2005.
Moreover, he footed down from the post in 2010 and retired a year later. Chief Executive John Lee expressed sorrow over Cheng’s passing and extended his deepest condolences to his family. The passing of Vincent Cheng is currently getting attention, although there isn’t much information available. The public has not yet been informed of Vincent Cheng’s death’s cause or the events that led up to it.
Medico topics have made an effort to get in touch with the family and close friends to ask them about the incident. There have been no answers as of yet. Once we get enough data, we’ll update this page. We’ll soon include more details on Vincent Cheng cause of death.
Who is Vincent Cheng?
Vincent Cheng Hoi-Chuen GBS OBE JP, a Hong Kong banker who served as the Executive Director of HSBC Holdings plc (Chinese: 16 July 1948 – 28 August 2022) From 2005 until 2010, he served as chairman of The Hongkong and Shanghai Banking Corporation Limited. Despite challenging circumstances and being paralyzed by polio at a young age, Cheng grew up in a poor family of six.
He received his undergraduate degree in social science in economics from the Chinese University of Hong Kong and his master’s degree in philosophy in economics from the University of Auckland. He also attended school in Hong Kong and New Zealand.
Vincent Cheng’s Career:
In 1978, Cheng started working for The Hongkong and Shanghai Banking Corporation in the division of group finance. He transferred to the Bank’s Group Planning division in 1982 before being named Chief Economist in 1986. He served as an advisor to the Governor of Hong Kong while seconded to the Central Policy Unit of the Hong Kong government from April 1989 to April 1991. In June 1995, he assumed the position of general manager. Moreover, in the same year, in November, he became the Bank’s first Executive Director of Chinese descent.
In 1998, he became Vice Chairman and Chief Executive Officer of Hang Seng Bank. He succeeded David Eldon as Chairman of The Hongkong and Shanghai Banking Corporation on May 25, 2005. Additionally, he was appointed director of HSBC Bank Australia Limited and managing director of HSBC Group. He was appointed Chairman of the HSBC Bank (China) Company Limited on April 1, 2007. On February 1st, 2008, HSBC Holdings named him as its first Executive Director of Chinese descent. He was designated a senior advisor to the 11th Beijing Municipal Committee of the CPPCC and a member of the National Committee of the 11th Chinese People’s Political Consultative Conference (CPPCC) in January 2008.
From 1995 to 1997, he served as a member of the Executive Council, and from 1994 to 1997, he served as the People’s Republic of China’s adviser on Hong Kong affairs. From 1991 until 1995, he served as a member of the Legislative Council for the Hong Kong government. He was also a member of the Exchange Fund Advisory Committee of the Hong Kong Monetary Authority, as well as the Chairman of the Standing Committee on Directorate Salaries and Conditions of Service for the Government of the Hong Kong Special Administrative Region. He served as the Hong Kong Society for Rehabilitation’s Honorary President. In 1994, Cheng was made an Officer of the Most Excellent Order of the British Empire and awarded the Gold Bauhinia Star (2005). Cheng died suddenly on the night of 28 August 2022, at the age of 74.
Tributes to Vincent Cheng:
Dr Vincent H.C. Cheng, former #CouncilChairman of CUHK passed away on 28 August 2022, at the age of 74. CUHK is profoundly saddened by the passing of Dr Vincent Cheng and conveys its deepest condolences to his family. Full Mourning: https://t.co/yOqRKI5XIi pic.twitter.com/TYVZuuvRCx
— The Chinese University of Hong Kong – CUHK (@CUHKofficial) August 29, 2022
Sanah said,
RIP the great and trailblazing banker from Hong Kong.
Chuang bare posted,
RIP to his family and peoples who respect him for his profession.
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Lavanya (Senior Editor) is a full-time content writer with almost 5 years of experience and a part-time teacher. She joined Medico Topics on the Breaking News trainee scheme in 2022 and now works on MedicoTopics.com. As a lifelong learner, She is constantly curious about learning new things and passionate about sharing knowledge with people through her writing and teaching.