On 18 Aug 2025, the HKMA issued a circular based on the 'Capacity Building for Future Banking, 2026-2030' study, urging authorized institutions to update training and reskilling strategies to address emerging skill demands in AI, cybersecurity, sustainable finance, and soft skills. The HKMA requires licensed banks to have their boards regularly assess these plans, with the HKMA conducting performance evaluations to ensure alignment with the study's recommendations.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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Introduction
On 18 Aug 2025, the Hong Kong Monetary Authority (HKMA) published the industry-wide study 'Capacity Building for Future Banking, 2026-2030' (Annex) and issued a circular calling for authorized institutions to align their capacity-building efforts with the study's recommendations, building upon the 2021-2025 framework.
Key Findings of the Study
The HKMA, in collaboration with the Hong Kong Association of Banks and the Hong Kong Institute of Bankers, identified critical skill demands for 2026-2030, including specialist technical expertise in AI, data analytics, governance, and cybersecurity; human-machine interaction and soft skills such as creativity and cross-cultural relationship building; and banking knowledge in sustainable-finance risk management, emerging markets, and new regulatory compliance. The study also emphasised developing well-rounded, adaptive banking professionals through tailored training programmes and industry-wide collaboration to advance capacity building.
HKMA's Call for Action
The HKMA directs authorized institutions to adjust and enhance their training and reskilling plans in response to the study's findings, specifically by: (i) revising training strategies to address evolving skill requirements; (ii) strengthening staff support for learning new skills and adapting to new roles; and (iii) leveraging internal/external training programmes and industry initiatives to meet anticipated needs. Locally incorporated licensed banks are required to have their boards regularly assess the effectiveness of their upskilling/reskilling plans, with the HKMA conducting regular performance evaluations.
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