HKSI welcomes the Report of the Working Group on the Business Environment
of the Stockbroking Industry

The Hong Kong Securities Institute (HKSI) today welcomes the recommendations contained in the Report of the Working Group under the Financial Services and the Treasury Bureau. The recommendations aim to improve the competitiveness of the small and medium sized brokerage firms in view of the changing landscape of the industry.

HKSI is pleased to see the Working Group's endorsement of HKSI's suggestions, in particular, the need to support the industry by providing continuous training and upgrading the skill set of the practitioners in the industry.

Commenting on the outcome, HKSI Chairman Alec Tsui said, "This accord provides a strong impetus to the industry and we are encouraged to see the adoption of HKSI's suggestions in the report. ˇ¨

HKSI's Chief Executive Gary Cheung said, ˇ§Our suggestions are practical in nature. Apart from the perspective of continuous training, there are concrete plans to facilitate the practitionersˇ¦ re-entry to the market. HKSI is also working diligently to promote the recognition of our qualifications by overseas jurisdictions.ˇ¨

HKSI's submission to the Working Group outlined a strategic plan, from short-term to medium-long term measures, to address the issue. HKSI will work closely with the Government in the introduction of various training and other initiatives to cope with challenges arising from the changing business environment.

For inquiries, please contact:

Gary Cheung, Chief Executive - Hong Kong Securities on 3120 6288 or

Daisy Lo, Manager - Corporate Communications on 3120 6159