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
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 North and Australia, Cluster and Banking

Citi
Ms Diana CESAR, JP

Executive Director and Chief Executive

Hang Seng 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
Mr Michael WONG Yick-kam, SBS, MH, JP
Ms Susan CHAN Wai-lan

Deputy Head of Asia Pacific, Head of Greater China

BlackRock
Mr CHEN Leiming

Senior Vice President

Ant Group
Dr JIA Hongrui

Chief Executive Officer

SPDB International Holdings Limited
Mrs Florence YIP CHIU Kwai-fong, JP

Senior Advisor

PricewaterhouseCoopers

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 : 25 October 2023