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Public finance
Profiles tagged “Public finance”.
2 profiles
Francis Tam Pak Yuen: Macao's first Secretary for Economy and Finance — fifteen years across two Chief Executives
Francis Tam Pak Yuen
Macao's first Secretary for Economy and Finance (20 December 1999 – 19 December 2014) and among the longest-serving holders of a single principal-official portfolio in the post-Handover era. Born in May 1949 in Macao, he was schooled in Macao and Hong Kong (St Francis of Assisi's College), studied business administration in the United Kingdom, and earned a Chinese-law diploma and an MBA from the University of East Asia in Macao. A businessman by background — Vice-Chairman of the Macau Manufacturers Association and a board member of the Macau Chinese Chamber of Commerce — he was named to the SAR Preparatory and Nominating Committees before the Handover and served on the 9th and 10th CPPCC National Committees. His portfolio covered finance, taxation, banking, gaming, labour, and economic development through the 2002 gaming-liberalisation, the 2005 Banco Delta Asia affair, and the boom that pushed Macao's gaming revenue past Las Vegas. He was succeeded by Lionel Leong Vai Tac in 2014 and holds the Grand Lotus / Gold Lotus honour.
Lei Wai Nong: from the Printing Bureau to Secretary for Economy and Finance — the SAR's finance chief through COVID and the gaming reset
Lei Wai Nong
Secretary for Economy and Finance of the Macao SAR (20 December 2019 – 19 December 2024) and the finance chief of Ho Iat Seng's cabinet. Born in 1969 in Zhangzhou, Fujian, with ancestral roots in Taishan, Guangdong, he was educated at St Joseph's Diocesan School, took a computer-science diploma at the Macau Polytechnic Institute, and holds dual bachelor's degrees in Government and Public Administration and in Chinese Law plus a master's in social sciences from the University of Macau. He joined the civil service in 1992 and served as Director of the Printing Bureau (2009), Vice-Chair of the Civil Administration Bureau Management Committee (2009–2018), and Vice-Chair of the Municipal Affairs Bureau Management Committee (2019). As Secretary for Economy and Finance from December 2019 he oversaw finance, taxation, banking, gaming, and economic development, and concurrently chaired the Executive Committee under the Guangdong-Macao Hengqin Cooperation Zone Management Committee (from September 2021). His tenure spanned the COVID-19 economic shock and relief measures and the 2022 gaming-concession reset. He stepped down in December 2024, succeeded by Tai Kin Ip, and then became a full-time member of the Macau Foundation's Administrative Committee.