Jacob Kam Chak-pui, non-executive chairman of MTR Corporation, has been elected as the new chairman of the Hong Kong General Chamber of Commerce. He expressed confidence in the city's economic development.

The non-executive chairman of Hong Kong rail giant the MTR Corporation has been elected as the new head of the city’s largest business chamber for a one-year term. Jacob Kam Chak-pui, 64, took over as chairman of the Hong Kong General Chamber of Commerce on Wednesday following an election among members, expressing “strong confidence” in the city’s economic development. Kam, previously the chamber’s vice-chairman, said he believed the market outlook was rebounding as the global macroeconomic...