Hong Kong's Finance Academy to open in mid-2019

It aims to nurture financial leadership and encourage applied research in cross-sectoral areas.

Finance Secretary Paul Chan Mo-po said during the Hong Kong Budget that the Academy of Finance will be in “full swing” by mid-2019, following its announcement on the 2018 Budget.

The programme aims to strengthen tertiary institutions, financial services sector, professional training bodies and regulators to further nurture financial leadership and encourage applied research in cross-sectoral areas.

“Apart from grooming local talent, we also encourage financial talent from outside to pursue their careers in Hong Kong through various talent admission schemes,” Chan added.

Chan stated in Budget 2019 that he aims to leverage Hong Kong’s position in the global finance services industry.

Other initiatives include the increase the seed capital amount for the Financial Reporting Council to $400m and promote the development of green funds.