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
Ms Angel NG Yin-yee

Regional CEO, Greater China

Prudential plc
Ms Diana CESAR, JP

Executive Director and Chief Executive

Hang Seng Bank
Professor TAM Kar-yan, MH, JP

Vice President (Administration and Business) and Chair Professor

The Hong Kong University of Science and Technology
Ms Luanne LIM, MH

Chief Executive Officer, Hong Kong

The Hongkong and Shanghai Banking Corporation Limited
Mr Michael WONG Yick-kam, SBS, MH, JP
Ms Susan CHAN Wai-lan

Senior Managing Director, Head of Asia Pacific

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
Mr Stephen CHAN Man

Deputy Chief Executive

Bank of China (Hong Kong) Limited
Dr James C LIN

Senior Partner

Davis Polk & Wardwell

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 : 24 December 2024