Hong Kong Exchange Is Finding It Tough to Appoint a New CEO (2)

In a Hong Kong transformed by China’s crackdown on everything from political dissent, to the media and judiciary, picking a new top boss for the financial hub’s stock exchange is proving difficult.

Charles Liannounced his intention to quit as head of the Hong Kong Exchanges & Clearing Ltd. more than a year before his contract ended amid strained relations with Chairman Laura Cha, according to people familiar with the matter. Cha was put off by his free-wheeling style, which led him to sometimes not inform the board of important issues at an early stage, said the people, ...