The Board is chaired by Mr Laurence Li Lu-jen and comprises another 17 members including the Secretary for Financial Services and the Treasury. The Board members are all seasoned practitioners and are broadly representative of major sectors of the financial services industry.
The following six committees have been formed to study specific areas of the financial services industry in depth and roll out the relevant development initiatives:
The Policy Research Committee leverages on the broad-based representation of the FSDC and its Members' extensive industry network to facilitate in-depth deliberation on the development of Hong Kong's financial services industry. It produces pragmatic action points for consideration by the Government, regulators, industry and other stakeholders.
The Mainland Opportunities Committee serves to study the Mainland's financial reform and the internationalisation of its market and currency and their implications for the financial services industry of Hong Kong. In the process, it identifies Hong Kong's unique role and encourages cross-boundary dialogues at relevant levels, and rallies support from the Government, regulators and industry for activities to the mutual benefit of the Mainland and Hong Kong.
The New Business Committee focuses on business in financial services that enhances and reinforces Hong Kong’s competitiveness and distinctively differentiates our unique position. Its goal is to enhance our economy and society. It works in close collaboration with other Committees under the FSDC, industry bodies and stakeholders to study possible areas of new business that can be developed in Hong Kong.
The Market Development Committee serves to raise the profile of Hong Kong’s financial services industry locally, in the Mainland and in overseas markets. It aims to enhance the effectiveness and focus of promotional efforts of various industry stakeholders by being a strategic coordinator and / or partner to champion the Hong Kong Inc. brand for financial services. Working alongside the other Committees under the FSDC and engaging with the stakeholders, the Market Development Committee works towards promoting Hong Kong as the prime choice for global and Mainland firms to locate financial services operations.
The Human Capital Committee examines the strategic development of human capital in the financial services industry with a holistic view. It aims to strengthen collaboration between the demand and supply sides of the financial talent pool. It supports capacity building for our home-grown professionals and identifies issues which may hinder Hong Kong from attracting the right talents, with due consideration to the fast-evolving nature of financial services and the increasingly global and regional focus of the industry.
The Corporate Governance Committee advises the Board on the overall policies and procedures relating to human resources, financial and administrative matters of the FSDC. It reviews the organization structure and level of staff remuneration; examines the annual plan, budget and financial statements of the FSDC; oversees the financial position and investment of funds of the FSDC; recommends the appointment of external auditors; and considers any administrative matters as and when necessary.