The Hong Kong government has appointed Bryan Chan Ping-keung, a former executive at bourse operator Hong Kong Exchanges and Clearing (HKEX), as CEO to lead the development and operation of the city’s new central clearing and settlement system for gold. Chan will head Hong Kong Precious Metals Central Clearing (HKPMCC), a wholly government-owned entity established in January to run the clearing system for precious metals. His appointment would take effect on October 2 for a three-year term,...