The Hong Kong Monetary Authority (HKMA), Bloomberg and the Hong Kong United Youth Association (HKUY) have partnered to launch the Greater Bay Fintech Talent Initiative aimed at bridging a potential technology skills gap in the region.

With the Greater Bay Area (GBA) aiming to bring the economic area of Southern China closer together, this initiative is designed to accelerate local talent development and equip students with relevant skills and knowledge for a digitally integrated financial region.

Alongside HKMA, in its capacity as the convening partner, and Bloomberg and HKUYA as the organising partners, more than 20 corporations are supporting the initiative by providing students with technical training, networking opportunities and bespoke mentorship.

These will also be conducted by the corporate partners to help students prepare for a successful career in financial technology.

The corporate partners include Ant Group, Bank of America, Bank of China (Hong Kong), China Guangfa Bank (Hong Kong Branch), Citi, Credit Suisse, CSOP Asset Management, DBS Bank (Hong Kong), Franklin Templeton, Goldman Sachs, Hong Kong Exchanges and Clearing, HSBC Bank, Huatai International, J.P. Morgan, KPMG China, Polymer Capital Management (HK), Royal Bank of Canada, Taiping Financial Holdings Company, Welab Bank and ZA Bank.

This initiative forms part of Bloomberg’s global Corporate Philanthropy programme, which works with a network of non-profit partners to ensure more individuals from underserved communities have the relevant skills and experience for employment and entrepreneurship.

“Under our multi-faceted “Fintech 2025” strategy, the HKMA has been playing a pivotal role in nurturing young and innovative fintech talent in Hong Kong.

 

As the convening partner, we are delighted to witness and support the launch of this initiative, which echoes our vision of cultivating fully-fledged fintech talent.”

said Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority.

“This particular initiative speaks to our unique ability to convene Hong Kong’s financial community and provide them with the opportunity to share their expertise with local students through our philanthropic engagements.

 

We look forward to seeing the positive impact as these students embark on an exciting career in technology and finance in the GBA.”

said Bing Li, Head of Asia-Pacific for Bloomberg.