Key Information

inSight
Speeches
Speeches by Speaker
Norman T.L. Chan
Peter Pang
Eddie Yue
Arthur Yuen
Raymond Li
Edmond Lau
Esmond Lee
Meena Datwani
Vincent W.S. Lee
James Lau
Joseph Yam
Y K Choi
William Ryback
David Carse
Tony Latter
Andrew Sheng
Hans Genberg
Simon Topping
Michael Taylor
The Honourable Donald Tsang
Chen Yuan
Dai Xianglong
Don Brash
Jaime Caruana
Andrew Crockett
Mario Draghi
David Eldon
Stanley Fischer
Timothy F. Geithner
Stephen Grenville
Kenneth G. Lay
William McDonough
Ernest Patrikis
Glenn Stevens
Jean-Claude Trichet
Tarisa Watanagase
Zeti Akhtar Aziz
Press Releases
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
Press Releases by Category
Bogus Voice Message Phone Calls
Banking in Hong Kong
Fraudulent Websites, E-mails and Telephone System, and other fraud cases
Granting of Banking Licences
Exchange Fund
Table of Multiples of Notes and Payments for Allotted Amount under non-competitive tender
Table of Multiples of Notes and Payments of Application Amount under non-competitive tender
Tender of Exchange Fund Bills and Notes
Tender Results of Exchange Fund Bills and Notes
Tentative Issuance Schedule for Exchange Fund Bills and Notes
Appointments and Departures
HKMA Pay Review
HKMA Publications
Speeches
The Hong Kong Mortgage Corporation
Hong Kong Note Printing Limited
Hong Kong Institute for Monetary Research
Exchange Fund Investment Limited
Others
Hong Kong Financial Infrastructure
International Relations
Investment Products Related to Lehman Brothers
Monetary Policy
Notes and Coins
Renminbi business
Credit Card Lending Survey
Monetary Statistics
Residential Mortgage Survey
Year 2000
Others
Guidelines and Circulars
Guidelines
Circulars
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
375.0271

Press Releases

The HKMA and ASTRI Launched the
Fintech Career Accelerator Scheme (FCAS)

The Hong Kong Monetary Authority (HKMA) and the Applied Science and Technology Research Institute (ASTRI) jointly launched the Fintech Career Accelerator Scheme ("FCAS") today (16 December) to nurture talents to meet the growing needs of fintech in Hong Kong. FCAS is supported by 11 banks and nine universities1. It aims to provide practical internship for undergraduate and postgraduate students interested in developing their careers in the fintech industry.

The launching ceremony of FCAS took place today at the HKMA and was jointly hosted by Mr Norman TL Chan, Chief Executive of the HKMA, and Mr Ming-Yam Wong, Chairman of ASTRI. Officiating guests included senior executives of 11 banks and presidents or senior staff members of nine universities. As the first fintech internship scheme led by a regulatory authority and a research institute, banks and universities have joined force in developing talents for the fintech industry. Through training and cultivating talents, FCAS helps prepare the right workforce for the banking sector, provide an internship scheme to students that combines both academic theory and practice, and build bridges between academia and the industry to make university curricula more relevant to the needs of their future employers. FCAS aims to nurture the fintech ecosystem with talents in order to sustain its developments, ensuring Hong Kong’s competitiveness as an international finance centre.

In his remarks, Mr Chan said “Soft power is core to the development of an international financial centre, and having talents is the key. We must nurture sufficient local talents in the long term to ensure that the development of the fintech ecosystem is sustainable. The FCAS is a win-win initiative as it gives students the opportunities to gain practical experience with their knowledge, while allowing banks to source and identify talents for future employment.”

Dr Franklin Tong, Chief Executive Officer of ASTRI, said in his remarks “We can foresee strong demand for fintech talents and solutions especially given Hong Kong's global positioning as one of the top financial hubs, and also the meteoric growth of fintech in Mainland China. The FCAS is a collective effort amongst the HKMA, ASTRI, the participating banks and universities to nurture fintech talents - embracing the latest global trends and developments in fintech.”

Successful candidates will engage in a comprehensive internship with exposure to bank’s fintech projects, as well as regulatory briefings and technical trainings provided by the HKMA and ASTRI respectively. Details of FCAS are:

  • Number of openings: about 70 openings are offered by 11 participating banks
  • Types of fintech projects offered by banks: cybersecurity, distributed ledger technology, big data analytics, artificial intelligence, biometric authentication, mobile app development etc.
  • Internship period: Starting from the summer of 2017 – for six months or one year
  • Disciplines: Undergraduates or postgraduates in Engineering, Computer Science, Science, Business and Finance, and Law
  • Selection process: Application opens tomorrow (17 December) and closes on 4 February 2017 and results will be announced by participating banks around the end of April after selection interviews

An Information Day has been scheduled on 21 January 2017 for students to obtain further information from the HKMA, ASTRI and the participating banks. Details of FCAS will be available at http://www.fcas.hk/ from tomorrow (17 December).

 

Hong Kong Monetary Authority
Applied Science and Technology Research Institute
16 December 2016



1 Participating banks: Bank of China (Hong Kong), Bank of Communications Hong Kong Branch,  The Bank of East Asia, BNP Paribas Hong Kong, Citibank (Hong Kong), DBS Bank (Hong Kong), Hang Seng Bank, HSBC, ICBC (Asia), Standard Chartered Bank (Hong Kong) and Wing Lung Bank. (in alphabetical order)

Participating universities: City University of Hong Kong, Hong Kong Baptist University , Hong Kong Shue Yan University, Lingnan University, The Chinese University of Hong Kong, The Hong Kong Polytechnic University, The Hong Kong University of Science and Technology, The Open University of Hong Kong and The University of Hong Kong. (in alphabetical order)

The Chief Executive of the HKMA Mr. Norman TL Chan gives welcoming remarks at the launching ceremony.
The Chief Executive of the HKMA Mr. Norman TL Chan gives welcoming remarks at the launching ceremony.

The Chief Executive Officer of ASTRI Dr. Franklin Tong speaks at the launching ceremony.
The Chief Executive Officer of ASTRI Dr. Franklin Tong speaks at the launching ceremony.

The Chief Executive of the HKMA Mr. Norman TL Chan, Mr Ming-Yam Wong, Chairman of ASTRI, senior executives of 11 banks and presidents or senior staff members of nine universities officiate at the launch of the Fintech Career Accelerator Scheme.
The Chief Executive of the HKMA Mr. Norman TL Chan, Mr Ming-Yam Wong, Chairman of ASTRI, senior executives of 11 banks and presidents or senior staff members of nine universities officiate at the launch of the Fintech Career Accelerator Scheme.

Last revision date: 16 December 2016
ABOUT THE HKMA
The HKMA
Tender Invitations
Careers@HKMA
Legislative Council Issues
Links
The HKMA Information Centre
KEY FUNCTIONS
Monetary Stability
Banking Stability
International Financial Centre
Exchange Fund
PUBLICATIONS & RESEARCH
Annual Report
Half-Yearly Monetary & Financial Stability Report
Quarterly Bulletin
HKMA Background Briefs
Reference Materials
Research
MARKET DATA & STATISTICS
CMU Bond Price Bulletin
Economic & Financial Data for Hong Kong
Monthly Statistical Bulletin
Monetary Statistics
KEY INFORMATION
Press Releases
Speeches
Guidelines & Circulars
Forthcoming Events
inSight
OTHER INFORMATION
Account Opening
Consumer Corner
Consumer Education Programme
Complaints about Banks
Complaints about SVF Licensees
Internet Banking
Fraudulent Bank Websites, Phishing E-mails and Similar Scams
Be Careful of Bogus Phone Calls and SMS Messages
Authenticate the Callers and Bank Hotline Numbers
Register of AIs & LROs
Register of Securities Staff of AIs
Register of SVF Licensees
Investment Products Related to Lehman Brothers
Photo Gallery