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Topical Issues

Public Consultation on the Review of the Trustee Ordinance and Related Matters

Pilot Programme to Enhance Talent Training for the Insurance Sector and the Asset and Wealth Management Sector

 

For the asset and wealth management sector, the pilot programme includes the following initiatives –

  1. Promotion and education programme
  2. Internship programme for undergraduate students
  3. Financial incentive scheme for professional training

 

a. Promotion and education programme

To reach out to undergraduate students of the University Grants Committee - funded institutions by launching various promotion and education initiatives. The aim is to draw attention not only to the careers in the asset and wealth management sector, but also the different functional roles available, from front, middle to back offices. This would in turn help enhance undergraduate students’ understanding of the sector and attract them to join the profession upon graduation.

 

b. Internship programme for undergraduate students

Internship experience would give the younger generation early exposure to the wide spectrum of career opportunities in the sector. Local financial institutions will be invited to participate in the programme and offer intern places related to asset and wealth management during the summer vacation. The programme will be open to local non-final year undergraduate students of the University Grants Committee - funded institutions.

Internship period for each intern will last four to eight weeks. Out of the monthly honorarium that a student would receive, the Government could contribute up to 75% or $7,000 (whichever is the lower) for an internship period of up to eight weeks, while the remaining sum as well as the cost for guidance and coaching should be contributed by the financial institutions.

 

c. Financial incentive scheme for professional training

In-service practitioners of the financial services industry will be eligible for the scheme. They will be reimbursed 80 % of the fees upon satisfactory completion of a course under the selected programmes of the scheme run by the Hong Kong Securities and Investment Institute and the Hong Kong Institute of Bankers. Each individual may apply for fee reimbursement for more than one course, up to a ceiling of $7,000 per person over the three-year period. We will announce the guidelines for application of fee reimbursement and the implementation date of the scheme in due course.

For more details on the above initiatives, please visit http://www.wamtalent.org.hk/eng/ .


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