Chan is President of Lingnan University of Hong Kong. Prior to that, he was the Vice President for Academic Affairs at the Hong Kong University of Science and Technology (HKUST). Chan has served as a director of the Graduate Management Admission Council (GMAC) and the AACSB International. He was appointed Justice of Peace in 2003 and awarded the Bronze Bauhinia Star (BBS) in 2005 by the Hong Kong Government for his meritorious public and community service. Chan has served as the President of the Asia-Pacific Finance Association and is a founding member of the Financial Intermediation Research Society Board of Directors.