Hong Kong Institute for Monetary and Financial Research (HKIMR)

The Hong Kong Academy of Finance (AoF) and Hong Kong Institute for Monetary and Financial Research (HKIMR) jointly organised a seminar “Briefing on Report on Long-Term Investing in Hong Kong” in collaboration with The Hong Kong Federation of Insurers (HKFI) on 30 January 2026. The session brought together over 20 industry practitioners from the insurance industry for a high-level exchange on the current landscape and emerging opportunities in the long-term investment ecosystem in Hong Kong. Mr Alfred Cheung, Member, Governing Committee, HKFI, and Mr Enoch Fung, MAoF, CEO of the AoF and Executive Director of the HKIMR, kicked off the session with welcome remarks and opening remarks. Dr Elsa Dong and Dr Coby Hu, Senior Manager and Manager respectively at the HKIMR, then presented the key findings of the recently published report on Long-term Investing in Hong Kong. Following this, Mr Alfred Cheung moderated a Q&A session with the audience. The speakers engaged dynamically with the audience, exchanging thoughts on the importance of long-term financial planning and risk management to achieve financial security amid the trend of population ageing. The discussion also evolved around considerations to further enhance Hong Kong’s decumulation market with reference to international experiences. Finally, Mr Alfred Cheung provided a closing remarks to conclude the event. Find out more in our full report here: https://lnkd.in/gkzj6Qa9 #AoF #HKIMR #HKFI #LongTermInvesting #DigitalEconomy  #FinancialEducation #FinancialPlanning #Decumulation

The Hong Kong Academy of Finance (AoF) and Hong Kong Institute for Monetary and Financial Research (HKIMR) jointly organised a panel discussion on “Long-term Investing in Hong Kong: Demographics, Digital Economy, and Financial Resilience” in collaboration with the CFA Institute and CFA Society Hong Kong, with support from the ACCA, on 27 January 2026. The seminar was attended by over 60 participants with diverse background in the financial services industry. Mr Enoch Fung, MAoF, CEO of the AoF and Executive Director of the HKIMR, began the session with opening remarks. Following this, Dr Elsa Dong, Senior Manager at the HKIMR, delivered a presentation highlighting the key findings of the recently published report on Long-term Investing in Hong Kong. Ms Mary Leung, CFA, Senior Advisor, Research and Advocacy, Asia Pacific, CFA Institute, moderated a panel discussion with Mr Geoffrey Au, Chief Product and In-force Officer, HSBC Life, Ms Janet Li, Chief Executive Officer, BEA Union Investment, Mr Jeffrey Tse, CFA, Head of APAC Multi-Asset, Barings, and Dr Giorgio Valente, Head of the HKIMR. The discussion explored the paths to stable income stream over a long span, how product and technology innovation can help achieve long-term goals, and investor protection given the escalating data threats and cyber risks. Overall, the panelists highlighted that ● Long-term investing needs to take into considerations investors’ personal circumstances, preferences, and stages of their lifecycle. ● Personalisation of financial products and services is needed to support a tailored and flexible approach to retirement planning. ● Simplified and standardised information disclosure can increase the transparency in sales process and ensure customers to obtain sufficient understanding about long-term financial products. ● Financial education is crucial to advance the financial literacy of Hong Kong residents. Interactive and targeted education programs can play a role in addressing herding mentality and fostering prudent financial behaviours. Find out more in our full report here: https://lnkd.in/gkzj6Qa9 #AoF #HKIMR #CFAI #CFASocietyHongKong #ACCA #LongTermInvesting #DigitalEconomy #FinancialEducation #FinancialPlanning #FinancialResilience

The Hong Kong Institute for Monetary and Financial Research (HKIMR) hosted a joint conference with European Central Bank and Bank of Finland Institute for Emerging Economies (BOFIT) on “The Changing Global Trade and Financial Linkages” on 29 January 2026. The event brought together over 90 participants from central banks, the private sector, the public sector, and academia. In his welcoming remarks, Enoch Fung, MAoF, CEO of Hong Kong Academy of Finance (AoF) and Executive Director of the HKIMR, welcomed participants to join this conference. He emphasised the growing importance of Hong Kong’s role in facilitating trade and financial flows regionally and globally amid the geoeconomic challenges and technology transformations, and highlighted the need for strengthening knowledge exchanges amongst research institutions. Dong He, Chief Economist, ASEAN+3 Macroeconomic Research Office, delivered a keynote speech on “Whither Trade and Financial Linkages in Asia?”. He outlined ASEAN+3’s transition toward a regionally anchored production and trade network, underpinned by deeper supply chains, stronger internal demand, and expanding investment ties. He stressed that while this integration boosts resilience, it heightens exposure to regional shocks, calling for policies to upgrade capabilities, strengthen supply chain diversity, and deepen regional financial and intra-ASEAN linkages. The conference featured a Policy Dialogue between Haibin Zhu, Executive Director (Research), Hong Kong Monetary Authority (HKMA) and Dong HE, Chief Economist, ASEAN+3 Macroeconomic Research Office. It also included a distinguished panel discussion moderated by Sally Chen, from the International Monetary Fund, with panellists Pym Manopimoke from Bank of Thailand, Feng Zhu from J.P. Morgan and Cyn-Young Park from The South East Asian Central Banks (SEACEN). Furthermore, 6 high quality research papers were presented at the conference. The full conference programme can be found here: https://lnkd.in/gJYUwF3S #HKIMR #ECB #BOFIT #GlobalTrade #FinancialLinkages

The Hong Kong Academy of Finance (AoF) and Hong Kong Institute for Monetary and Financial Research (HKIMR) jointly organised a roundtable discussion on “Financially Sustainable Retirement Solutions in Hong Kong” in collaboration with Hong Kong Trustees' Association (HKTA) on 14 January 2026. The event attracted 26 financial professionals from diverse sectors to explore the key strategies for fostering a healthy long-term investment ecosystem in Hong Kong. Mr Enoch Fung, MAoF, CEO of the AoF and Executive Director of the HKIMR, kickstarted the session with opening remarks. Following this, Dr Elsa Dong, Senior Manager at the HKIMR, presented key findings of the recently published report on Long-term Investing in Hong Kong. Ms Ka Shi Lau, Chairman of the HKTA, and Mr Enoch Fung moderated the roundtable discussion together. The session featured extensive discussion and knowledge sharing among industry practitioners, focusing on innovative approaches to advance financially sustainable retirement solutions, support market development and technology adoption, as well as promote the silver economy and financial inclusion in Hong Kong. In essence, the discussion underscored the importance of expanding the offerings of decumulation product options catered to different demographic groups, and enhancing financial education to raise public awareness for long-term investing and retirement planning. The event concluded with a closing remarks delivered by Ms Ka Shi Lau. Find out more in our full report here: https://lnkd.in/gkzj6Qa9 #AoF #HKIMR #HKTA #LongTermInvesting #DigitalEconomy #FinancialEducation #FinancialPlanning #FinancialInclusion #SilverEconomy #Decumulation

The Hong Kong Academy of Finance (AoF) and Hong Kong Institute for Monetary and Financial Research (HKIMR) jointly organised a panel discussion on “Beyond Accumulation: Building Hong Kong’s Retirement Market” in collaboration with The Hong Kong Retirement Schemes Association (HKRSA), Hong Kong Investment Funds Association (HKIFA), and PwC Hong Kong on 26 November 2025. The session brought together leaders across the financial services industry for a high-level exchange on the current landscape and emerging opportunities in the long-term investment ecosystem, attracting more than 60 participants to the event. Mr Enoch Fung, MAoF, CEO of the AoF and Executive Director of the HKIMR, Mr Sam Yu, Chairman of the HKIFA, and Ms Janet Li, Chairman of HKRSA, kicked off the session with opening remarks. Following this, Dr Elsa Dong, Senior Manager at the HKIMR, presented the key findings of the recently published report on Long-term Investing in Hong Kong. Ms Janet Li moderated a panel discussion with Ms Charlotte Chan, Head of HK Global Platform Solutions & Head of Hong Kong at Fidelity International, Mr KC Cheung, 2022 AoF Financial Leaders Programme (FLP) Cohort, and Chief Product Officer for Hong Kong and Macau at Manulife (International) Limited, Mr Mark Tian, FSA, FCIA, CERA, MAoF, 2023 AoF FLP Cohort, and Chief Agency Strategy and Growth Officer of Sun Life Hong Kong Limited, and Ms Rebecca Zhang, 2024 AoF FLP Cohort, and Head of Regional Partnerships, Product Development and Innovation, APAC at SCOR Life & Health. Following this, the panellists engaged dynamically with the audience, exchanging thoughts on demand and supply aspects of long-term financial products. The event concluded with a closing remarks delivered by Mr Peter Brewin, Partner at PwC Hong Kong. Overall, the exchange of views underscored several key takeaways: 1)   Financial education is widely recognised as a critical component of long-term investing and sound financial planning. There is growing consensus on the need to enhance public awareness of decumulation products, particularly their benefits and role in sustainable long-term income strategies; 2)   Trust in financial institutions (FIs) remains essential to fostering consumer confidence and supporting sustainable investment behaviour. To strengthen this trust, FIs should deepen community engagement efforts and prioritise transparent fee structures; 3)   There is also an emphasis on the importance of cross-sector collaborations. Coordinated efforts can drive consistency, improve educational outreach, and support more effective financial decision-making at scale. Find out more in our full report here: https://lnkd.in/gkzj6Qa9 #AoF #HKIMR #HKRSA #HKIFA #PwC #LongTermInvesting #DigitalEconomy #FinancialEducation #FinancialPlanning #Decumulation

We’re delighted to share that Dr. Giorgio Valente, Head of the Hong Kong Institute for Monetary and Financial Research (HKIMR), participated in a panel discussion titled “Artificial intelligence and its use in the financial sector” at the 20th Annual FSI-IOSCO conference in Basel, Switzerland on 26 November. The event was jointly organised by the Financial Stability Institute (FSI) of the Bank for International Settlements – BIS and the International Organization of Securities Commissions - IOSCO. Drawing on the HKIMR’s research report on GenAI, Dr. Valente shared insights on the market landscape and adoption opportunities in Hong Kong’s financial services industry, while highlighting key challenges in terms of risk management and talent gaps. Recognising limited explainability of complex AI models, Dr. Valente emphasised the importance of the “human-in-the-loop” approach to ensure quality and accountability. He also shared updates on the HKMA’s ongoing regulatory initiatives, such as the HKMA-Cyberport Hong Kong GenAI sandbox, which addresses growing industry demand and facilitates the responsible adoption of the technology. The HKIMR appreciates the opportunity to have contributed to this distinguished panel, chaired by Marianne Bourgoz Gorgé, Head of the Integrated Risk Expertise Division at Swiss Financial Market Supervisory Authority (FINMA), featuring Fernando Perez-Cruz, Senior Advisor of the Monetary and Economics Department at BIS, and Avneesh Pandey, Executive Director of the Information Technology Department at the Securities and Exchange Board of India. The discussion reinforced the vital role of international collaboration in advancing responsible GenAI adoption in financial markets. For more insights, explore our latest GenAI research report!  https://lnkd.in/gfuvZ-fp #HKMA #HKIMR #AoF #GenAI #AI #FSI #BIS #IOSCO #FinancialServices #GenAIAdoption #Basel #Switzerland 

Mr Enoch Fung, CEO of Hong Kong Academy of Finance (AoF) and Executive Director of Hong Kong Institute for Monetary and Financial Research (HKIMR) spoke at the 2025 Annual Conference of the China Society for Finance & Banking and the China Monetary & Financial Forum, held on 6 December 2025 in Beijing. During his panel session on the opening up of the financial sector and the internationalisation of the Renminbi, Mr Fung outlined the latest initiatives by Hong Kong Monetary Authority (HKMA) to promote the development of the offshore Renminbi market and enhance connectivity with onshore capital markets. He also emphasised Hong Kong’s role as a reliable platform for advancing the internationalisation of the Renminbi, highlighting its capacity to support real economic activities, including the “going out” of Chinese Mainland enterprises as they venture into overseas markets. The theme of this year’s conference was 𝘗𝘶𝘳𝘴𝘶𝘪𝘯𝘨 𝘢 𝘗𝘢𝘵𝘩 𝘰𝘧 𝘍𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘋𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘸𝘪𝘵𝘩 𝘊𝘩𝘪𝘯𝘦𝘴𝘦 𝘊𝘩𝘢𝘳𝘢𝘤𝘵𝘦𝘳𝘪𝘴𝘵𝘪𝘤𝘴 𝘵𝘰 𝘚𝘶𝘱𝘱𝘰𝘳𝘵 𝘊𝘩𝘪𝘯𝘦𝘴𝘦-𝘚𝘵𝘺𝘭𝘦 𝘔𝘰𝘥𝘦𝘳𝘯𝘪𝘴𝘢𝘵𝘪𝘰𝘯. Prof YI Gang, Chairman of the China Society for Finance & Banking delivered the keynote speech, and Dr LU Lei, Deputy Governor of the People’s Bank of China, gave the opening remarks. The conference was attended by around 500 participants, comprising officials from financial regulatory authorities and relevant ministries, professionals from financial institutions, experts from research institutes, and academics from universities across the Chinese Mainland. 金融學院行政總裁兼香港貨幣及金融研究中心執行董事馮殷諾先生，於2025年12月6日在北京舉行的中國金融學會學術年會暨中國金融論壇年會上發言。 在「穩步推進金融高水平開放與人民幣國際化」專題研討環節中，馮先生詳細闡述了香港金融管理局近期推動離岸人民幣市場發展及優化互聯互通機制的各項舉措。他強調，香港作為促進人民幣國際化的可靠平台，不僅穩固支撐實體經濟的可持續發展，更為內地企業「走出去」提供關鍵金融支撐與戰略樞紐。 本屆會議以「走中國特色金融發展之路，助力中國式現代化」為主題。中國金融學會理事會會長易綱作主題演講，中國人民銀行黨委員、副行長陸磊出席開幕論壇並發表致詞。本屆會議匯聚約500名來自金融管理部門、相關部委、金融機構、科研院所及高校的專家學者，共同探討金融高質量發展的戰略路徑。

The Hong Kong Institute for Monetary and Financial Research (HKIMR) has released a new video that features our report collaborators discussing the importance of long-term investing and financial planning to better address the diverse needs of Hong Kong residents amid ongoing demographic ageing, based on HKIMR’s recent report “Long-term Investing in Hong Kong: Developments and Opportunities in a Digital Economy”. In this video, Dora Li, General Manager of the Investor and Financial Education Council (IFEC), Eric Cheng , Executive Director (Policy) of the Mandatory Provident Fund Schemes Authority (MPFA), and 2022 Hong Kong Academy of Finance (AoF) Financial Leaders Programme Cohort, Daniel Leong, Executive Director and CEO of the HKMC Annuity Limited (HKMCA), and Peter Brewin, Partner at PwC Hong Kong share their views on the role of financial education in enhancing individuals’ awareness about the suite of long-term financial products, especially decumulation solutions, to address longevity risks and meet their evolving long-term needs. Watch the video below to gain valuable insights into this important topic. Read the report here: https://lnkd.in/gkzj6Qa9 #HKIMR #AoF #IFEC #MPFA #HKMCA #PwC #LongTermInvesting #DigitalEconomy #FinancialEducation #FinancialPlanning

香港貨幣及金融研究中心HKIMR（研究中心）發佈了一部新短片，內容為報告合作機構探討在持續的人口老齡化背景下，長線投資及財務規劃對於應對香港居民多樣化需求的重要性。該短片建基於研究中心近期發表題為「香港長線投資:數字經濟下的發展及機遇」的報告。 在本短片中，李婉秋（投資者及理財教育委員會總經理）、鄭兆勛（強制性公積金計劃管理局執行董事(政策)，2022年金融學院金融領袖計劃畢業學員）及梁靈智（香港年金有限公司執行董事兼總裁）分享他們對理財教育重要性的觀點。他們強調，理財教育能有效提升香港市民對各類長線理財產品的理解，特別是具備財富提取功能的產品，從而滿足不同層面的長線理財需求，例如實現「自製長糧」，幫助個人更好地應對長壽風險，提升退休生活的財務可持續性與自主性。 觀看以下短片，以獲得有關此重要趨勢的寶貴觀點。 閱讀此處的報告: https://lnkd.in/gkzj6Qa9 #HKIMR #AoF #IFEC #MPFA #HKMCA #PwC #LongTermInvesting #DigitalEconomy #FinancialEducation #FinancialPlanning