On Oct 14th, Capt. Wei, Presidnet and CEO of COSCO Group on the first session of HKMEx board meeting, was elected as vice chairman of HKMEx, and board members of Independent Non-Executive and Compensate Committee. The first session of board of Directors include Mr. Barry C. Cheung, JP, chairman of the Board of Hong Kong's Urban Renewal Authority; Professor Richard Wong Yue-chim, Professor of Economics and Deputy Vice-Chancellor and Provost at the University of Hong Kong; Dr Raymond Ch'ien Kuo-fung, Chairman of Mass Transit Railway Corporation; Professor Gang Fan, Director of the National Institute of Economic Research and other distinguished experts. President of COSCO HK Mr. Wang Futian also attended the meeting.
As the largest shareholder from domestic, COSCO invested 5 million US dollars for HKMEx`s inauguration on May, 2009. The latter will start to operate on Jan 1st 2010.