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The following is issued on behalf of the Financial Services Development Council:
The Financial Services Development Council (FSDC) welcomed the Government's plan to continue providing more resources to support its operation, as stated in the 2016 Policy Address.
The 2016 Policy Address stated that the Government values the FSDC's recommendations and will endeavour to implement those that are feasible. Also, the Government will continue to provide more resources to support FSDC's operation. Furthermore, it mentioned that $100 million has been earmarked to implement a three-year pilot scheme to enhance manpower training for the insurance sector and the asset and wealth management sector.
The Chairman of the FSDC, Mrs Laura M Cha, today (January 14) said, "The FSDC welcomes the support by the Chief Executive and the Government, as stated in the Policy Address. Members of the FSDC are eager and prepared to continue to work with the Government and other stakeholders on the further development of Hong Kong as an international financial centre."
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.
Ends/Thursday, January 14, 2016
Issued at HKT 17:41
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