Seminar on “Macao’s Modern Financial industry Development and Career Exploration” co-organized by The Monetary Authority of Macao (AMCM) and Faculty of Business Administration (FBA) of the University of Macau (UM) was successfully held in the Multi-function Hall of UM Guest House in the evening of November 10. The seminar aims to enable students to better understand the profile and employment prospects of Macao’s financial industry, make career planning, and grasp the development opportunities of the financial industry in Guangdong-Macao In-Depth Cooperation Zone in Hengqin. The seminar attracted nearly 200 UM students majoring in finance, law, IT and other areas who are interested in the financial industry to attend.

In the opening remark, Dr. Sau San CHAN, Chairman of the Board of Directors of the AMCM, said that despite the impact of the COVID-19 on the overall economy of Macao in recent years, the financial industry still maintains a steady pace of development. Hence, the financial industry continues to play an important role in promoting the moderate diversification of Macao’s economy, and also provides high value-added employment opportunities. However, the sustainable development of Macao’s financial industry and the growth of new financial industry ecology still depend on high-quality human resources. Therefore, the AMCM continues to provide preservice education and in-service training for local residents in accordance with the established financial talent reserve plan, as well as the introduction of professional qualification examinations, so as to nurture more inter-disciplinary talents in order to lay a solid foundation for the development of Macao’s financial industry.

Professor Michael HUI, VRAA of the UM, mentioned in his welcome remark that UM would continue to support the Macao SAR government in developing the modern financial industry. In recent years, excellent finance scholars have been recruited globally to enhance teaching and research strength. In terms of training local financial talents, in addition to increase the admission quota of MSc in Finance and MSc in FinTech programmes, the UM also actively participated in the training of Macao’s financial practitioners and professional qualification certification.

Dr. Veronica Kuan Evans, Member of the Board of Directors of the AMCM, Ms. Teng Sam LOU, Financial Development Department senior officer of the AMCM; Prof. Rose LAI, Dean of Honours College and Professor in Finance, UM, Prof. Guoqiang LI, Head of the Department of Finance and Business Economics, FBA of UM, Prof. Hung Wan KOT, Programme Coordinator in Finance, FBA of UM, and representatives from local financial industry also attended the seminar.

The seminar is divided into four parts. In the first part, AMCM representatives introduced the work of the AMCM and discussed the overall situation, development trend and financial talent nurture policies of Macao’s financial industry. In the second part, professionals from local banking and insurance industry introduced the industry profile and diversified career development directions. In the third part, local financial professionals who have obtained international professional qualifications share the importance of obtaining professional qualifications for their career development, and encourage students to obtain these qualifications. The fourth part is Q&A session.

Through this seminar, students had a clearer understanding of the current situation and prospects of the development of Macao’s modern financial industry. It also helped students who are interested in the financial industry to make better career planning, thus contributing to the development of the financial market in Guangdong-Macao In-Depth Cooperation Zone in Hengqin. The seminar ended with warm applause.