Advertisement
Hong Kong banking sector should double down on training talent for fintech, sustainable finance, says HKMA deputy head
- Sector must boost training for new and existing employees to meet present and future challenges, says Arthur Yuen
- Banking must also work to counter a perception among young people that it is a boring profession, Yuen says
Reading Time:2 minutes
Why you can trust SCMP
Hong Kong must nurture young talent and train up its existing employees, particularly in sustainable finance and fintech, to face present and future challenges, the deputy chief of the Hong Kong Monetary Authority (HKMA) has said at a conference in Macau.
Advertisement
Both fintech and the related area of sustainable finance, which is necessary to help businesses meet China and Hong Kong’s commitments to achieving carbon neutrality, will require a substantial build-up of trained people, said Arthur Yuen Kwok-hang, HKMA deputy CEO.
The remarks came on Thursday during the Global Talents Summit, a conference organised by think-tank the CCGM-Asean GBA Cooperation Centre.
Technology will also help the sector significantly enhance the efficiency and effectiveness of business operations, such as risk management and compliance efforts, Yuen added. In addition, enhancing the deployment of talent within the Greater Bay Area will be necessary.
Meanwhile, the banking industry needs to talk directly to young people to present a more accurate picture of modern banking, as well as offer more internship placements and traineeship programmes, Yuen said.
Advertisement
Advertisement