The Hong Kong Monetary Authority (HKMA) has established the Fintech Facilitation Office to facilitate the development of a Fintech Ecosystem in Hong Kong since March 2016. The construction of the Fintech Ecosystem is based on four key components, comprising:

1.  research and application

2.  regulatory interface

3.  a platform to connect stakeholders, including tech firms, tech investors, financial institutions and regulators

4.  talent development

While results and deliverables are gradually seen and materialised after two years of development work, it now reaches a stage for a more focused strategy with an aim to ensuring sustainable development of the Fintech Ecosystem in next three years. TMA is delighted to have invited Mr. Shu-pui Li, Executive Director of the Financial Infrastructure Department of the Hong Kong Monetary Authority, to share with TMA members the latest development work of the Fintech Ecosystem. The presentation concentrates on the key building blocks which are needed to accomplish the strategy, taking into accounts the lessons learned in past two years.

Shu-Pui Li is currently the Executive Director (Financial Infrastructure) of the Hong Kong Monetary Authority (HKMA).  His major responsibilities include :

• Implementation of the Fintech Facilitation Office of the HKMA with an aim to establishing a fintech ecosystem and developing Hong Kong as the fintech hub;
• development and promotion of the financial market infrastructure in Hong Kong, including the multi-currency large value payment systems (RTGS), the debt securities clearing and settlement system (CMU) and the Bond Connect infrastructure, the cross-border mutual fund order routing platform, the Faster Payment System and a number of retail-related payment infrastructures;
• management and oversight of currency, note printing and settlement functions; and
• coordination with overseas central banks and service providers to facilitate cross-border cooperation in financial market infrastructure development.

Mr. Li is a qualified Chartered Accountant (FCA) of the Institute of Chartered Accountant England & Wales, a qualified Chartered Information System Engineer (CEng), a certified Information Systems Auditor (CISA) and a member of the British Computer Society (MBCS). He has also obtained a Masters degree in research of computer graphics and a Bachelors (1st Class Hons) degree in Computing Science at the University of Manchester.

As Individual and Institutional Members' benefit, TMA Members are cordially invited to attend this seminar free-of-charge.  Participants are entitled to receive 1 CPD (TMA) credit upon completion of the seminar. TMA is the administrator for the Enhanced Competency Framework on Treasury Management (ECF-TM) and a recognized institution of Securities and Futures Commission (SFC) for providing continuing professional development (CPD) activities. The CPD hours can be used to meet the CPD requirements of the ECF-TM and the SFC.  To qualify for the CPD credits or attendance certificate of the seminar, all participants have to sign-in and sign-out. We regret that neither CPD nor attendance certificate will be given to those who are late for the seminar or leave early. TMA Office will update TMA Individual Members’ CPD record after the seminar is held.