HKMA wants banks to train their staff to plug the talent gap instead of poaching them from their rivals
Hong Kong lenders were expected to face a talent shortage in AI, green finance and expertise related to the Middle East and Asean markets over the next five years, according to a study led by the Hong Kong Monetary Authority (HKMA).
“We want to see local banks provide more training for their staff to upgrade their knowledge and skills to plug the talent shortage gap, instead of using higher pay to fight for talent from other banks,” Arthur Yuen Kwok-hang, deputy chief executive of the HKMA, said on Friday ahead of a banking survey’s release on Monday.
“A robust business environment supported by a sufficiently large and skilled talent pool is essential for maintaining Hong Kong’s status as a leading international financial centre,” he said.
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