• Wed
  • Jul 23, 2014
  • Updated: 3:16pm

Financial Services Development Council

Financial services body vows to be industry voice

The 22-member council, a semi-official organisation initiated by Chief Executive Leung Chun-ying, aims to promote the city's financial sector around the world, but its establishment has drawn criticism that its functions either overlap with or are carried out by other promotional bodies.

Saturday, 9 March, 2013, 5:15am

Sad awakening as one man sees communists everywhere

I had a chat with a young editor recently. It was a sad awakening. The chat started with a question about the overwhelmingly hostile media coverage on the establishment of the Financial Services Development Council last month.

23 Feb 2013 - 3:16am 10 comments

Council chief pledges to let lawmakers look into body's books

The controversial Financial Services Development Council has promised to represent small financial players and allow lawmakers to review its financial statements in a move to ensure transparency.

The 22-member council, the brainchild of Chief Executive Leung Chun-ying, was set up two weeks ago to promote the financial industry.

5 Feb 2013 - 5:22am

Facile criticism of financial body

I refer to Jake van der Kamp's column ("Five points to ponder … over dinner in a fine restaurant", January 27) and various media reports about the Financial Services Development Council of which I am a member.

3 Feb 2013 - 6:50am

Hong Kong Financial Services Development Council gets Chicago backing

The beleaguered Financial Services Development Council yesterday found an unexpected ally - all the way from Chicago.

The 22-member council, a brainchild of Chief Executive Leung Chun-ying, was set up two weeks ago to promote the city's financial industry. It is headed by Executive Council member Laura Cha Shih May-lung.

30 Jan 2013 - 4:40am

A critical review of the financial development council's study

During their brainstorming, the [financial services development] council defined five areas of study, according to the council chairwoman. These include finding opportunities in the mainland, promoting the financial services industry overseas, training talent, further developing the financial sector and encouraging new and innovative businesses.

SCMP, January 23

27 Jan 2013 - 1:51am 1 comment

FSDC vows transparency in first meeting

The controversial Financial Services Development Council, which held its first meeting yesterday, said it would not operate "in the dark" and would be transparent as it promoted the city's financial sector around the world.

Set up last Thursday, Chief Executive Leung Chun-ying's brainchild aims to promote the city's financial industry and its links with the mainland.

23 Jan 2013 - 4:17am 1 comment

Hong Kong must be watchful of city's growing bureaucracy

Concerns have been raised after Chief Executive Leung Chun-ying announced the creation of yet two more high-level committees during his policy address. The establishment of the Financial Services Development Council and the Economic Development Commission brought the number of new and revamped bodies to 16 since he took office.

23 Jan 2013 - 3:44am 3 comments

FSDC defines role amid public doubts

The newly established Financial Services Development Council held its first meeting on Tuesday after which it announced that it has identified five areas to study.

22 Jan 2013 - 7:38pm

Taxpayer cash proposed to fund new financial services development body

Lawmakers have suggested the newly created Financial Services Development Council could consider applying for taxpayers' money to fund its operations in a bid to quell public doubts over its role and transparency.

22 Jan 2013 - 4:20am 1 comment

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