The Financial Infrastructure and Market Development Sub-Committee

The Financial Infrastructure and Market Development Sub-Committee^Note makes recommendations on measures to further develop Hong Kong’s status as an international financial centre and strengthen the international competitiveness of Hong Kong’s financial services, including promoting the development, operational excellence, safety and efficiency of the financial infrastructure in Hong Kong; and promoting the development of Hong Kong as an offshore renminbi centre and fostering the development of other enabling factors. It also makes recommendations on initiatives for the HKMA and monitors the work of the HKMA.

Chairman

Members

Mr Arthur YUEN, JP

Deputy Chief Executive

Hong Kong Monetary Authority
Mr Howard LEE, JP

Deputy Chief Executive

Hong Kong Monetary Authority
Mr Darryl CHAN, JP

Deputy Chief Executive

Hong Kong Monetary Authority
Mrs Ayesha MACPHERSON LAU, BBS, JP

Chairman

Mandatory Provident Fund Schemes Authority
The Honourable Bernard Charnwut CHAN, GBM, GBS, JP

Chairman and President

Asia Financial Holdings Limited
Mr Ericson CHAN

Group Chief Information & Digital Officer

Zurich Insurance Company
Mr Leong CHEUNG
Ms Mary HUEN Wai-yi, JP

Executive Director and Chief Executive Officer, Hong Kong
Cluster Chief Executive Officer (Hong Kong, Taiwan & Macau)

Standard Chartered Bank (Hong Kong) Limited
Mrs Ann KUNG YEUNG Yun-chi, BBS, JP

Advisor

Bank of China (Hong Kong) Limited
Ms Miranda KWOK Pui-fong, JP

Non-Executive Director

China Construction Bank (Asia) Corporation Limited
Ms Amy LO Choi-wan

Co-Head UBS Wealth Management APAC
Head and Chief Executive UBS Hong Kong Branch

UBS
Mr Dennis CHOW Chi-in

Chair, Deloitte Asia Pacific

Deputy Chair, Deloitte Global
The Honourable Rimsky YUEN Kwok-keung, GBM, SC, JP

Temple Chambers
Ms Angel NG Yin-yee

Head of Asia, Citi Global Wealth
Mr CHEN Shuang, JP

Founding & Managing Partner

APlus Partners Management Co., Limited
Ms Diana CESAR, JP

Executive Director and Chief Executive

Hang Seng Bank
Dr Jim LAI

Chairman of Fusion Bank
Professor TAM Kar-yan, MH, JP

Dean and Chair Professor, School of Business and Management

The Hong Kong University of Science and Technology
Ms Luanne LIM

Chief Executive, Hong Kong

The Hongkong and Shanghai Banking Corporation Limited

Secretary

Terms of Reference

To recommend to the Financial Secretary through the Exchange Fund Advisory Committee measures to further develop Hong Kong’s status as an international financial centre and strengthen the international competitiveness of Hong Kong’s financial services, including –
1. measures to promote the development, operational excellence, safety and efficiency of the financial infrastructure in Hong Kong, particularly payment and settlement arrangements;
2. measures to promote the development of Hong Kong as an offshore renminbi centre;
3. measures to foster the development of other enabling factors that would help enhance the competitiveness of Hong Kong’s financial services; and
4. initiatives for the HKMA, in discharging its responsibilities for maintaining the stability and integrity of the monetary and financial systems of Hong Kong, to promote the development of the financial infrastructure and financial markets in Hong Kong under (a) to (c) above.
To monitor the work of the HKMA in relation to the initiatives identified in (1) above.

Note : Formerly known as the "Financial Infrastructure Sub-Committee".

Last revision date : 13 March 2023