300 jobs in banking help graduates Monetary Authority: Fund structure unchanged, financial industry must develop

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Written by: Kuang Xiaobin

2020-06-15 08:00

The Monetary Authority and the Hong Kong Association of Banks launched the "Banking Talent Start-up Program". Today (14th), applications are accepted. A total of about 300 semi-annual contract internship positions will be provided to recent university graduates. On-the-job training is provided at a monthly salary of about 12,000 yuan.

In an interview with "Hong Kong 01", Assistant Director of the HKMA, He Hanjie, said that Hong Kong is currently experiencing cyclical problems, but the world’s financial layout and capital structure have not changed, and Hong Kong can continue to play an intermediary role. He believes that Hong Kong’s financial industry must develop in the future . Gong Yang Enci, acting chairman of the Banking Association, believes that young people can bring new ideas. With the development of the Greater Bay Area and financial technology, the banking industry has a lot of room for development. "Banks are not a "luxury goods". It is a necessity of daily life."

(From left) Gong Yangen, acting chairman of the Banking Association, deputy executive president of BOCHK and He Hanjie, assistant president of the HKMA (banking policy). (Photo by Kwong Xiaobin)

Talking about the reasons for the implementation of the plan, He Hanjie, assistant president of the HKMA (banking policy), said that the current Hong Kong economy has entered a recession. I believe that fresh graduates will also face difficulties in applying for jobs. The purpose of the plan is to hope that graduates can continue to add value and strengthen For competitiveness, we also hope to attract talents and new forces to join Hong Kong's financial industry.

Graduates can seize opportunities when the economy improves

Gong Yang Enci, who is the deputy chief executive of BOC Hong Kong, believes that gaining internship experience is an important process before joining the banking industry. She hopes that when the economy improves, graduates participating in the program can seize the opportunity in a short time, and believe that most Banks "will not stop." Gong Yang Enci pointed out that traditional banks have a high demand for front-line manpower, but the entire industry also has major businesses such as investment and credit. Traditional banks are also actively transforming, including the development of financial technology, so there is also a demand for technological talents, she believes Young people have an advantage in this regard.

Gong Yang Enci continued that graduate recruitment and existing vacancy recruitment are different concepts. She believes that hiring graduates mainly builds a talent pool for the future, and believes that young people can bring new thinking to the banking industry and solve human resources problems.

Talking about the considerations during the recruitment interview, Gong Yang Enci believes that academic performance is not the only factor. She proposes the following five criteria:

active

positive energy

Perseverance

Team spirit

Ability to work independently

He Hanjie believes that Hong Kong's economy is facing a "cyclical problem", but the world's financial layout and capital structure have not changed. I believe that Hong Kong's financial industry will certainly develop in the future. (Photo by Kwong Xiaobin)

Gong Yang Enci reminded that graduates who intend to participate should first collect information, for example, look carefully at the content of the plan website, and recognize the positions they intend to apply for. He Hanjie believes that you don’t have to rely too much on the prepared lines during the interview

Asked whether he can be hired as a full-time employee after completing the internship program, He Hanjie does not rule out the possibility, but he believes that the main purpose of the program is to hope that graduates will obtain professional training and internship experience. Gong estimates that different banks will depend on the resources at the time, and participants will have the opportunity to stay in office.

After turbulent social events in the second half of last year, Hong Kong was hit by the new coronavirus pneumonia epidemic this year. Hong Kong’s economic recession intensified in the first quarter of this year, and its GDP shrank by 8.9% in real terms year-on-year, the largest single-quarter decline in record. .

I believe that Hong Kong's financial industry must develop in the future to serve more than Hong Kong people

Asked whether Hong Kong’s financial prospects will affect graduates’ intentions to enter the business, He Hanjie believes that the Hong Kong economy is facing a “cyclical problem”, but the world’s financial layout and funding structure have not changed, and Hong Kong can continue to play an intermediary role. He believed that Hong Kong's financial industry must develop in the future. The future target audience is not only the 7 million people in Hong Kong, but also the entire Bay Area. Gong Yang Enci believes that in addition to attracting foreign capital, Hong Kong banks will also cooperate with the mainland. Under the development of the Greater Bay Area and fintech, the banking industry has a lot of room for development, "Banks are not a "luxury goods". It is a necessity of daily life."

Gong Yang Enci (left) believes: "Banks are not a luxury but a necessity of daily life." (Photo by Kwong Xiaobin)

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The HKMA will subsidize up to half of the monthly salary of participating organizations

The "Banking Talent Startup Program" will accept applications from today (14th). Banks, stored value payment tool operators and the HKMA will provide a total of about 300 positions, including retail and commercial banking front-line operations and logistics. In terms of participation qualifications, undergraduates graduating from local universities in 2020 can apply for participation in the program, and the subject depends on the nature of the relevant position and the needs of the participating institutions.

Starting from early September of this year, the contract will last for 6 months, with a monthly salary of about 12,000 yuan. The HKMA will subsidize the participating organizations up to half of the monthly salary of the plan participants, as well as the cost of relevant graduates to participate in relevant professional training courses. Information on the plan's website shows that financial institutions that provide job opportunities include major banks in Hong Kong, including HSBC, BOC Hong Kong, Standard Chartered and Hang Seng. Electronic payment companies such as Alipay Hong Kong, Hong Kong Telecom (HKT) and Octopus are also on the list.

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