What is the Hong Kong Financial Services Development Council (FSDC)?
The FSDC was established in 2013 by the Hong Kong Special Administrative Region Government as a high-level, cross-sectoral advisory body to engage the industry in formulating proposals to promote the further development of the financial services industry of Hong Kong and to map out the strategic direction for the development. The FSDC has been incorporated as a company limited by guarantee with effect from September 2018 to allow it to better discharge its functions through research, market promotion and human capital development with more flexibility.
Its main objectives are to:
- advise the Government on strategies and measures to expand the scope of the financial markets of Hong Kong and enhance the competitiveness of Hong Kong as an international financial center;
- support the financial services industry of Hong Kong in developing the core competence and knowledge of its practitioners; and
- promote the financial services industry of Hong Kong and Hong Kong as an international financial center in the Mainland and overseas.