MarketYeung Kai-yin
Company Profile

Yeung Kai-yin

Yeung Kai-yin was a Hong Kong civil servant and businessman. He was the first ethnic Chinese to serve as Secretary for the Treasury, and was later the chairman and CEO of the Kowloon-Canton Railway Corporation.

Early life and education
Yeung was born in 1941 in British Hong Kong as the sixth child of a family with ancestral roots in Zhongshan. He attended Diocesan Boys' School and graduated in 1959, subsequently matriculating at the University of Hong Kong to study history under the King Edward VII Scholarship. He graduated in 1962 with a Bachelor of Arts degree with first-class honours. == Civil service career (1962-1993) ==
Civil service career (1962-1993)
In September 1962, shortly after graduating from university, Yeung joined the Hong Kong government as an administrative officer at the age of 21. He rose quickly through the ranks, serving in a total of 22 positions over the course of his career. He was appointed Secretary for the Treasury in 1991 and was also the first Chinese to hold that office. It was speculated at the time that Yeung was in the running to become the first Chinese Chief Secretary of Hong Kong, but he was passed over for appointment by Chris Patten in 1993 in favour of Anson Chan, who had joined the government in the same year as Yeung. Yeung was known for his "tough" and "forceful" manner, with the SCMP reporting that tales of Yeung giving "abusive dressings down" were common in the civil service. When Yeung was named chairman and CEO of KCRC in 1996, Secretary for Transport Gordon Siu explained that Yeung was the only man "tough enough" for the job. Yeung's final civil service appointment was as Secretary for Transport in June 1993, a sideways move from his previous role as Secretary for the Treasury. He served until September of the same year, when he resigned from the civil service. == Later career (1993-2005) ==
Later career (1993-2005)
In 1993, Yeung became an executive director of Sino Land, a major property developer of Hong Kong and a subsidiary of Tsim Sha Tsui Properties. During his tenure, the KCRC constructed the West Rail line that links northwestern New Territories (Tuen Mun, Tin Shui Wai and Yuen Long) with Kowloon. Yeung's appointment of fellow retired civil servants in KCRC and conciliatory attitude to the government drew public criticism and brought him into direct conflict with Michael Tien. the subsequent chairman. Yeung's hostile attitude on environmentalist opposition against the use of Long Valley wetland area for the development of Lok Ma Chau Spur Line and misuse of public funds in the Siemens fiasco eventually led to his downfall in 2001. In 1998, Yeung was appointed chairman of the Vocational Training Council in Hong Kong. == Personal life ==
Personal life
On 8 February 2007, Yeung died of legionnaire's disease in Hong Kong. Yeung was cremated at Cape Collinson Crematorium. == Honours and awards ==
Honours and awards
• 1993 Order of the British Empire (CBE) • 1994 Justice of the Peace (JP) • 2005 Gold Bauhinia Star (GBS). == See also ==
tickerdossier.comtickerdossier.substack.com