Hong Kong moves to plug financial skills gap

John Tsang Chun-Wah, financial secretary, outlines measures in the city's budget to boost the competitiveness of its financial services industry.
John Tsang delivers his budget
John Tsang delivers his budget

Hong Kong has moved to address a skills shortage in the city’s financial services industry by announcing new incentives in its budget.

John Tsang Chun-Wah, the city’s financial secretary, delivered his 8th budget on Wednesday at a time when Hong Kong’s financial services industry is undergoing significant change.

In his budget speech, Tsang said he had asked the Financial Services and the Treasury Bureau FSTB to consult the industry on manpower training needs.

“There was broad consensus that manpower shortage was particularly acute in the insurance and the asset and wealth management sectors,” Tsang said.

The FSTB also suggested...

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