Former Cyberport CEO Peter Yan has been appointed as Director-General of the Office for Attracting Strategic Enterprises (OASES).

The government made the announcement on Monday following an open recruitment exercise.

Unveiled in the 2022 Policy Address, OASES aims to attract high-potential and representative enterprises to Hong Kong from industries including fintech, AI and data science.

Yan will assume office on Tuesday and has left his role as a member of the board of directors of Hong Kong Exchanges and Clearing (HKEX).

He has worked in the technology field for over 39 years and held various senior management positions in large consulting and information technology services companies.

Financial Secretary Paul Chan said in a statement that Yan has rich experience and extensive knowledge in the field of information technology.

"I am confident that Mr Yan will lead OASES in attracting more strategic enterprises to Hong Kong, thereby contributing to the city's innovation and technology development as well as its economic upgrading and transformation," he said.

Meanwhile, Herbert Chia has taken the spot on the HKEX board vacated by Yan.

Chia is chairman of the data governance advisory committee of Hong Kong Science and Technology Parks Corporation and a venture partner of Sequoia Capital China.