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HKMEx’s Cheung Quits All Hong Kong Public Service Posts

Hong Kong Mercantile Exchange Chairman Barry Cheung resigned from all public service positions, including the city’s Cabinet, because he’s under police investigation, the government said.

Leung Chun-ying, the city’s chief executive, accepted Cheung’s resignation and said the police and Securities and Futures Commission will “impartially” probe the HKMEx and Cheung, according to a statement yesterday.