Financial & Treasury Services Committee

The Financial & Treasury Services Committee is a specialist committee of the Chamber focusing on the long term development of the financial services sector as well as regulatory issues. The Committee's membership is made up of practitioners in the financial services sector and CFOs.

Ms Aveline San

Chairman

Ms Aveline San

Secretary

Ms Yixia Gu

Tel

2823 1248

Past Events

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The Launching of Uncertificated Securities Market

10 July 2026

On 10 July, the Committee welcomed Thrity Mukadam, Senior Director, Supervision of Markets, Securities and Futures Commission (SFC), who provided members with an overview of the new Uncertificated Securities Market (USM) regime. The presentation covered the objectives and implementation progress of the initiative, as well as its implications for market participants and Hong Kong’s financial market infrastructure. 

Members subsequently exchanged views on the expected benefits of the regime, including enhanced investor convenience, greater market efficiency and the further strengthening of Hong Kong’s competitiveness as an international financial centre.    Following the completion of his third term, Jack Chan retired as Chairman of the FTS Committee. The Committee expressed its gratitude for his dedicated leadership and service. At the same meeting, Aveline San was elected Chairman, Anthony Ng was re-elected Vice-chairman, and Nicholas Mayhew was elected Vice-chairman. 

Hong Kong as a Gold Trading Hub

21 April 2026

At the Chamber’s Financial and Treasury Services Committee meeting on 21 April, members engaged in a timely and insightful discussion on the future of Hong Kong’s gold trading market. The session featured remarks from Mr Julian Ip, Political Assistant to the Secretary for Financial Services and the Treasury, and the Honourable Robert Lee, Legislative Councillor representing the Financial and Treasury Services functional constituency. Their perspectives provided valuable context on policy direction and market developments shaping Hong Kong’s role in the global precious metals sector.

Speakers highlighted evolving market dynamics, including infrastructure considerations for storage, opportunities to enhance Hong Kong’s trading capabilities, and the strategic importance of strengthening the city’s position as a regional hub for bullion and related financial services. Discussions also touched on how regulatory frameworks and market innovation can support the sustainable growth of the sector. The session underscored the importance of continued collaboration between policymakers and industry stakeholders to enhance market competitiveness and reinforce Hong Kong’s standing in the global commodities landscape.

Beyond the Balance Sheet: How Hong Kong’s IP Financing Sandbox Finances Innovation

15 April 2026

The launch of Hong Kong’s IP Financing Sandbox in December 2025, jointly introduced by the CEDB, Intellectual Property Department and Hong Kong Monetary Authority (HKMA), was the topic of discussion at the Chamber’s seminar on 15 April. Titled “Beyond the Balance Sheet: How Hong Kong’s IP Financing Sandbox Finances Innovation,” the event featured distinguished speakers including Ying-ying Cheng, Head of Banking Supervision, HKMA; Fei Kwok, Managing Partner, Clyde & Co Hong Kong; Anita Ou, Managing Director, Head of Enterprise Banking, Commercial Banking, HSBC; Wiley Pun, Advisory Partner, Grant Thornton Advisory Services; and Christopher Yip, General Manager, NEC Hong Kong.

 

Moderated by Financial and Treasury Services Committee Vice-Chairman Anthony Ng, the event kicked off with a presentation by Ying-ying Cheng, discussing the Sandbox’s significance as a milestone in strengthening the city’s IP financing landscape and position as a leading IP trading hub. The ensuing panel delved into how IP data, patent analytics and valuation tools are beginning to reshape credit assessments for innovation-driven, IP-rich companies. Panellists Fei Kwok, Anita Ou, Wiley Pun and Christopher Yip unpacked issues such as the practical implications of IP-backed lending, including risk identification, legal enforceability, dealing with borrower defaults and cross-border challenges. They also examined how the Sandbox enables controlled experimentation and supports market development.

Updates on Trade Financing in Hong Kong

14 January 2026

The Financial & Treasury Services Committee hosted a presentation by a team from the Hong Kong Monetary Authority (HKMA) on 14 January. The session was joined by members of other committees including Small and Medium Enterprises, Industrial and Technology Development and Innovation, Data and Communication.

Kyle Hung, Head, Financial Market Infrastructure Services at HKMA, briefed members on the progress of Project CargoX/ Commercial Data Interchange (CDI), an initiative designed to unlock greater value in SME trade financing. She also shared the key objectives of the multi-year public-private collaboration initiative and their implications and opportunities for businesses. These included leveraging cargo and trade data to streamline and enhance trade finance processes, developing digital solutions to improve accessibility to trade finance for SMEs and exploring connections with international data partners to facilitate the trade financing use case for banks in Hong Kong.  

Committee Members

Leadership

Chairman

Ms Aveline San

Chief Executive Officer, Citibank N A Hong Kong

Vice Chairman

Mr Nicholas Mayhew

Deputy Chief Executive and Senior Executive Director, Dah Sing Bank Ltd

Vice Chairman

Dr Anthony Wai Leung Ng

CEO, Hong Kong Virtual Asset Exchange Ltd

Committee Members

Member

Mr Cyrus Cheung

Deputy Head of Financial Management Department, CMB Wing Lung Bank Ltd

Member

Mr Gary Cheung

Director, Governance and Regulatory Advisory, Pullman Financial Services Ltd

Member

Mr Steve Siu Cheong Choi

Partner, JCMarkinze Ltd

Member

Ms Ann Cooley

Chairman, Pacific Hawk Asset Management Ltd

Member

Mr Eric Fan

Partner, Audit & Assurance, Deloitte Touche Tohmatsu

Member

Mr Ishtiak Hasan

Managing Director and CEO, EBL Finance (HK) Ltd

Member

Mr Jerry Hung

Head of FI, Dun & Bradstreet (HK) Ltd

Member

Dr Jimmy Jim

Managing Executive Officer and Head of Global Markets Department, Industrial and Commercial Bank of China (Asia) Ltd

Member

Mr Roger Chi Sing Kam

Managing Partner, Roger Kam & Co

Member

Miss Ruth Kung

Chief Executive, Hong Kong Securities and Investment Institute

Member

Ms Fei Kwok

Managing Partner, Clyde & Co

Member

Ms Carol Lam

Head of Compliance, Alipay Payment Services (HK) Ltd

Member

Mr Wayne Lau

Senior Vice President, Pacific Century Group Holdings (HK) Ltd

Member

Mr Peter Li

Partner, Financial Service Assurance Leader, PricewaterhouseCoopers

Member

Mr Murphy Lo

Managing Director, Group Head, North Asia International Wealth Management, Nomura International (Hong Kong) Ltd

Member

Mr Simon Mak

CEO, Ascent Partners Group Ltd

Member

Mr Edwin Morris

Chief Financial Officer, Jebsen & Co Ltd

Member

Dr Carmen Lai Man Ng

Practising Director, Cosmos CPA Ltd

Member

Mrs Lourdes A Salazar

Chairman, The DTC Association

Member

Mr Hubert Shu

Vice President, Commercial Finance, APAC, Collinson International (Hong Kong) Ltd

Member

Mr Leland L Sun

Managing Director, Pan Asian Mortgage Co Ltd

Member

Ms Jennifer Tan

Founder and CEO, Porrima Ltd

Member

Mr Samuel Chiu Mo Tsang

Executive Chairman, Century Legend (Holdings) Ltd

Member

Mr Ellick Tsui

Deputy Chairman, Hong Kong Federation of Insurers, The

Member

Ms Sguala Wan

Chief Executive Officer, China Resources Longdation Co Ltd

Member

Mr Kim Man Wong

Chief Financial Officer, HK Electric Investments Ltd

Member

Mr Michael M S Wong

Co-President, Asia Family Office Foundation Ltd

Member

Ms Queenie Wong

Head of External Relations, Hong Kong CEO Office, Hongkong and Shanghai Banking Corporation Limited, The

Member

Mr Richard Kwong Lam Wong

Director of China Global Solutions, Aon Hong Kong Ltd

Member

Miss Rita Wong

Partner, Financial Services, KPMG

Member

Mr Stacey Martin Wong

Chief Operating Officer, Quam Plus International Financial Ltd

Member

Mr William Wong

Director and Chief Executive Officer of Hang Seng Investment Management Ltd, Hang Seng Bank Ltd

Member

Mr Wilson Siu Chung Wong

General Manager, Investment Management, Bank of China (Hong Kong) Ltd

Member

Mr Wilson Tak Kong Wu

CEO, Profassess Corporate Consultants Ltd

Member

Ms Grace Yeung

Secretary, Hong Kong Association of Banks, The

Member

Ms Ida Mei Ling Yeung

Executive Director, External Relations and Strategy, Standard Chartered Bank (Hong Kong) Ltd

Member

Mr Peter Fang Yi Dong

Chief Insurance Officer, GBA Healthcare Group (HK) Ltd, The

Member

Mr Yinfan Zhang

Regional Director for North Asia, Global Affairs & Strategic Development, Alipay Financial Services (HK) Ltd

Member

Mrs Helen Zhu

Managing Partner & Chief Investment Officer, Nan Fung Trinity (HK) Ltd

Observer

Mr Gabriel Cheung

Observer

Mr Harrison Ho

Managing Director, Bank Julius Baer & Co Ltd

Observer

Miss Lilian Ho

Founder & CEO, NextNova

* In alphabetical order

1) Mission

To function as a specialist committee to support and counsel the General Committee and Chamber Directorate on issues/ areas pertinent to the promotion of Hong Kong’s financial services industry and status as an international financial centre.

2) Objectives

To study and advise on, amongst other issues, the following:

Flow of capital

Green and sustainable finance

Fintech, virtual assets and other finance-related innovations and emerging trends

To liaise as necessary with other Committees of the Chamber and with non-Chamber organisations, including the Hong Kong Government, both locally and internationally on matters related to the healthy and sustainable development of the local financial services industry.

To carry out any other related work at the request of the General Committee or Directorate.

3) Membership

Membership is open to Chamber corporate members in the financial services sectors as well as senior finance executives of Chamber corporate members.

Chamber individual associate members who wish to apply as observers to the Committee should belong to a company in the financial services sectors and will be subject to endorsement by the Committee.

Committee membership is subject to agreement by the committee chairman and the Chamber CEO.

Members should observe the "Guidelines for HKGCC Committees".

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