Money Moves

Benchmarking global standards

by Sophie Leung

Hong Kong banking highfliers to participate in major international events

Main events: In celebration of 45 years of leadership in the local banking and finance industry, the Hong Kong Institute of Bankers brings Hong Kong the 61st International Banking Summer School and the third Outstanding Financial Management Planner Awards
Photo: Edde Ngan

As a major Asian financial centre and gateway to mainland China, Hong Kong continues to grow as an international financial hub, with professionals in the field meeting the highest standards and industry practices.

The Hong Kong Institute of Bankers (HKIB), the pillar of the city's banking and finance sector, will be celebrating its 45th anniversary by bringing the 61st International Banking Summer School (IBSS) to Hong Kong next month. This will be the first time the event is hosted in Asia.

"With strong links to mainland China and easy access to all major Asian markets, Hong Kong is globally recognised as a springboard for exploring the continent's potential," says Peter Wong, president of the HKIB and executive director of HSBC Hong Kong.

International exposure

The IBSS is a major annual gathering of top international bankers, a platform for networking and professional training. Over a period of 10 days, it will be providing invaluable international exposure for the profession, strengthening Hong Kong's position as a key financial training hub, Mr Wong remarks.

"We take great pleasure in being the first Asian city to host such a prominent banking industry event," adds Carrie Leung, chief executive officer, the HKIB.

Themed "Next Wave and Beyond —T he Blue Ocean of New Banking and Financial Services", this year's IBSS will be held at the Hong Kong Convention and Exhibition Centre from July 13 to 24. Delegates will be discussing opportunities, challenges and growth strategies in the competitive global market. More than 40 experts from Hong Kong, mainland China and Europe will be sharing their visions and perspectives with their industry counterparts from more than 20 countries.

The HKIB will also be introducing a thought leadership forum and optional Shanghai study tour alongside the banking summit, enabling in-depth discussions on how changes in the global banking sector are affecting Asia's financial markets.

"This is an outstanding year for the HKIB," notes Patrick Fung, chairman, executive committee, the HKIB; and chairman and chief executive, Wing Hang Bank Limited. "With the IBSS on the global front, and with local banks recognising the HKIB's Certified Financial Management PlannerTM (CFMPTM) designation, the HKIB has evolved as a major international institute, providing quality education for the banking and financial industries."

Promoting best practice

This year, the HKIB and Career Times are again joining hands to organise the third annual HKIB Outstanding Financial Management Planner Awards, a competition that promotes ethical selling and competition in the banking and financial sectors among financial management planners in Hong Kong and Macau. "We are proud that the awards are receiving industry wide support and recognition," Ms Leung emphasises.

Participants will undergo three rounds of assessments and be required to submit a written financial management plan supplemented by an oral presentation. This year, in celebration of the HKIB's 45th anniversary, two new awards have been added, recognising excellent presentation and proposal editing skills.

The HKIB has also introduced the 2008 China Outstanding Financial Management Planner Awards for participants from mainland China, using similar judging criteria. Mr Wong believes the two competitions will serve to raise practice standards in the Greater China region.

Crossing the borders

An HKIB delegation visited Beijing at the end of May to meet top mainland banking officials and promote dialogue on the development of the regional banking sector.

Following this visit, Dr Fung led a delegation to Liaoning, the provincial centre of northeastern China, and signed a memorandum of cooperation between the HKIB and the Liaoning Banking Association. The memorandum provides for both organisations to expand professional cooperation, share information and experiences and promote training and examination services on both sides of the border.

The HKIB also cooperates with the Hong Kong government's Education Bureau to offer a certificate programme in commercial banking for gifted students. The programme provides insight into the Hong Kong's banking system and helps students prepare for a professional career in the industry. Demonstrating its support for the graduates, the HKIB presented students with their certificates at the institute's annual general meeting last week.

Striving for excellence

  • The HKIB to host global forum for top bankers in July
  • Annual competition raises industry standards
  • Cooperation with mainland professionals fosters closer ties and facilitates information sharing
  • Certificate programmes nurture budding professionals

Taken from Career Times 20 June 2008, p. A16
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