FSDC holds forum to explore monetary and financial issues of Hong Kong

14 Nov

 FSDC holds forum to explore monetary and financial issues of Hong Kong

The Financial Services Development Council (FSDC) and the Chinese University of Hong Kong today (November 14) jointly hosted a forum to give students an opportunity to learn more about the monetary and financial issues of Hong Kong.

Today’s forum, the 23rd event under the FSDC Practitioner Speakers Series, featured Non-Official Member of the Executive Council, Distinguished Research Fellow of the Lau Chor Tak Institute of Global Economics and Finance at the Chinese University of Hong Kong and Executive Vice President of the China Society for Finance and Banking Mr Joseph Yam.

Mr Yam headed the Hong Kong Monetary Authority for more than a decade. During the forum, entitled “Monetary and Financial Issues of Hong Kong”, he outlined the cornerstones of success as well as the latest developments of the monetary and financial market of Hong Kong amid the intense competition and regulatory changes in the region. He also pointed out that despite the small domestic economy of Hong Kong, the volume of international financial activities conducted in the city and denominated in the Hong Kong dollar is huge.

Mr Yam also spoke with the students on the career prospects of the financial market and the skill sets that financial industry employers expect candidates to acquire.

Amongst others, compliance-related positions are seeing growing demand, he added. The open forum received an overwhelming response, and the students raised a wide range of questions covering the monetary and financial issues.

Mr Yam said, “I am happy to be sharing with students my views on the monetary and financial issues of Hong Kong, as Hong Kong develops further as an international financial centre. Hopefully these will be of use to students wishing to pursue a career in financial services in Hong Kong.”

The FSDC’s Practitioner Speaker Series is a project developed between the FSDC and local universities, with speakers from the financial services industry giving talks to university students about important industry facts and the skill sets required in developing a career in financial services.

About the FSDC

The Hong Kong Special Administrative Region Government established the FSDC in 2013 as a high-level, cross-sectoral advisory body to engage the industry in formulating proposals to promote the further development of Hong Kong’s financial services industry and to map out the strategic direction for development.

The FSDC set up five committees, namely the Policy Research Committee, the Mainland Opportunities Committee, the New Business Committee, the Market Development Committee and the Human Capital Committee, as the five streams of its work.

Photo credit: EugeneLimPhotography.com via Visual Hunt / CC BY

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