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Amid criticism for the HK body, the US city's agency cites good co-operation between the public and private sector for its own success<br /><br />The beleaguered Financial Services Development Council yesterday found an unexpected ally - all the way from Chicago.<br /><br />The 22-member council, a brainchild of Chief Executive Leung Chun-ying, was set up two weeks ago to promote the city's financial industry. It is headed by Executive Council member Laura Cha Shih May-lung.<br /><br />Lawmakers have complained that the council is beyond the ambit of their scrutiny and that its functions overlap with those of other regulators and promotional bodies.<br /><br />Amid the rising chorus of criticism, World Business Chicago vice-chairman Michael Sacks yesterday threw his weight behind the council.
Amid criticism for the HK body, the US city's agency cites good co-operation between the public and private sector for its own success<br /><br />The beleaguered Financial Services Development Council yesterday found an unexpected ally - all the way from Chicago.<br /><br />The 22-member council, a brainchild of Chief Executive Leung Chun-ying, was set up two weeks ago to promote the city's financial industry. It is headed by Executive Council member Laura Cha Shih May-lung.<br /><br />Lawmakers have complained that the council is beyond the ambit of their scrutiny and that its functions overlap with those of other regulators and promotional bodies.<br /><br />Amid the rising chorus of criticism, World Business Chicago vice-chairman Michael Sacks yesterday threw his weight behind the council.
