The Hong Kong University of Science and Technology (HKUST) signed a Memorandum of Understanding (MoU) at the moment with Tencent Finance Academy (Hong Kong) (TFAHK) to nurture FinTech expertise.

MoU signing
HKUST and TFAHK representatives signal an MoU on nurturing FinTech expertise.

Leveraging HKUST’s excellent educational basis in FinTech and Tencent’s sensible trade expertise, the MoU – witnessed by representatives from the HKSAR Government, HKUST and TFAHK – goals to set up a strategic partnership in fostering the event of FinTech by nurturing skills and collaborating on training and analysis and improvement initiatives. It units out the plan for each events to collaborate on the FinTech case research sequence for tertiary training function, with the objective to present actual enterprise instances for college kids to comprehensively enhance their information on FinTech.

The events will even work collectively on creating a curriculum on FinTech, with HKUST integrating Tencent’s intensive enterprise expertise to promote the event of an revolutionary expertise mannequin. Other initiatives embody internship alternatives for HKUST college students, joint FinTech-related analysis and improvement initiatives, steering on conducting analysis initiatives and potential training outreach packages to enhance public consciousness on FinTech.

The MoU signing ceremony was a part of a Youth Forum hosted by the TFAHK, which aimed to allow audiences to higher perceive the event of the Greater Bay Area (GBA) and assist younger expertise discover the thriving profession alternatives within the area. The Chief Executive of the HKSAR Government Mrs. Carrie LAM Cheng Yuet-Ngor and Mr. Jim LAI Chi-Ming, Vice President of Tencent, Chairman of Fusion Bank, and Dean of TFAHK delivered the opening speech and welcome remarks respectively within the discussion board; adopted by keynote speeches from the Secretary for Innovation and Technology Mr. Alfred SIT Wing-Hang and HKUST President Prof. Wei SHYY. A bunch of aspiring youth representatives additionally shared their first-hand experiences and learnings working within the GBA.

honorable guests
Honourable visitors of the TFAHK Youth Forum embody (Fourth Right) Mrs. Carrie LAM Cheng Yuet-Ngor, Chief Executive of HKSAR; (Fourth Left) Mr. Alfred SIT Wing-Hang, Secretary for Innovation and Technology; (Third Right) Mr. Andrew LIAO Cheung-Sing, Chairman of HKUST Council; (Second Right) Prof. Wei SHYY, President of HKUST; (Third Left) Mr. Jim LAI, Vice President of Tencent, Chairman of Fusion Bank, and Dean of TFAHK; (First Right) Prof. WANG Yang, Vice President (Institutional Advancement); (First Left) Prof. TAM Kar-Yan, Dean of HKUST School of Business and Management; and (Second Left) Mr. James LI Tsz-Shu, Senior Director of Hong Kong, Macao and Cross-border Financial Affairs and Senior Director of Greater Bay Area Public Affair, Tencent.

The Chief Executive Mrs. Carrie Lam stated in her speech, “The Guangdong-Hong Kong-Macao Greater Bay Area Development has enormous development potential. To assist young people to seize the opportunities brought about by the GBA development, the Government has introduced the Greater Bay Area Youth Employment Scheme in January this year to encourage enterprises with operations in Hong Kong and GBA Mainland cities to recruit Hong Kong graduates and post them to be stationed and work in these cities. The Scheme will assist graduates to develop their careers in the Mainland and gain a better understanding of the lives and culture of the country. I thank TFAHK for its long-standing commitment to and support for nurturing young FinTech talents, and I hope all young people attending the forum today can equip themselves to take part in the integration of FinTech development in the GBA. This will provide better career development for themselves and contribute to the development of Hong Kong, the GBA and the nation.”

HKUST President Prof. Wei Shyy stated, “Hong Kong’s public and private sectors have strived to support and encourage innovation and related science and technology appropriate to the city and beyond. Fintech is a clear example in this domain as it has already been transforming our lives in every aspect from banking, retail payment to e-commerce. We have launched our first Fintech postgraduate program jointly by Schools of Business and Management, Engineering, and Science. We have also been actively collaborating with multiple banks and other enterprises. Today we are delighted to join hands with Tencent to further our efforts on creating new knowledge and nurturing talent in a context which HKUST can make substantial contributions.”

TFAHK Dean Mr. Jim Lai stated, “Through the Academy, we have been organizing a range of activities that include internships, research opportunities and visits. These initiatives allow the youth in the GBA to learn about the leading internet and information technology, experience the growth momentum of the GBA and the Mainland, as well as enhance their innovative and entrepreneurial capabilities and competitiveness. We believe that the Greater Bay Area Youth Employment Scheme will help the youth to integrate their study, work and daily life into the GBA, and to experience how the technology enterprises focus on innovation, which helps to nurture FinTech talent. We are also pleased to collaborate with HKUST, a top university in Hong Kong, in enhancing the development of FinTech through a number of areas, including the FinTech case study series, FinTech curriculum development, internship opportunities, establishment of Student Chapter, joint research projects, and public awareness enhancement.”

About The Hong Kong University of Science and Technology

The Hong Kong University of Science and Technology (HKUST) (https://hkust.edu.hk/) is a world-class analysis intensive college that focuses on science, know-how and enterprise in addition to humanities and social science. HKUST provides a global campus, and a holistic and interdisciplinary pedagogy to nurture well-rounded graduates with world imaginative and prescient, a powerful entrepreneurial spirit and revolutionary considering. HKUST attained the best proportion of internationally wonderful analysis work within the Research Assessment Exercise 2014 of Hong Kong’s University Grants Committee, and is ranked because the world’s greatest younger college in Times Higher Education’s Young University Rankings 2020. Its graduates have been ranked twenty sixth worldwide and among the many greatest from universities from Asia in Global University Employability Survey 2020.

About Tencent Finance Academy (Hong Kong)

Tencent Finance Academy (Hong Kong) (“TFAHK”) is dedicated to co-building a breeding floor for FinTech skills within the Greater Bay Area. Through creating a collaborative FinTech ecosystem, TFAHK helps our youthful generations to develop cross-disciplinary information and sensible expertise within the discipline of monetary know-how. TFAHK additionally works with governments, trade companions, universities, and area information specialists to foster the popularization of monetary know-how within the Greater Bay Area. TFAHK held the primary version of its acclaimed Tencent FinTech Talent Nurturing Programme in 2018, attracting over 5000 candidates to the programme since then. TFAHK has continued increasing its service scope to serve the group by supporting worldwide occasions (corresponding to FinTech week), thought leaders sharing, discipline journeys, mentorship programme, and extra.

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