Participating Employers

Companies or organisations from the following WAM sub-sectors may apply to offer internship positions under the SIP as Participating Employers (“PEs”) :-

1. financial institutions licensed with or registered by the :-
   1. Securities and Futures Commission under the Securities and Futures Ordinance (Cap.571) to carry out
      1. Type 4 (advising on securities) regulated activity; or
      2. Type 9 (asset management) regulated activity;
   2. Hong Kong Monetary Authority; or
2. insurers authorised or insurance intermediaries licensed under the Insurance Ordinance (Cap.41); or
3. Firms or corporate practices registered with the Hong Kong Institute of Certified Public Accountants; or
4. Trust companies registered under Part 8 of the Trustee Ordinance (Cap. 29); or
5. Trustees approved by the Mandatory Provident Fund Schemes Authority under the Mandatory Provident Fund Schemes Ordinance (Cap. 485); or
6. Trusts or company service providers licensed by the Companies Registry under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615)

For group companies, if the parent group or one of the subsidiaries (which is not listed above) intends to be the employer of the student intern but assign the intern to work for a subsidiary company (which meets the eligibility), such companies can participate in the SIP provided that they can furnish proof that the subsidiaries and the parent group are under the same group companies.  Participating employers should indicate such an arrangement clearly at the time of application; or else the honorarium claim of the internship position may not be approved.

The HKSAR Government will subsidise the participating employers up to 75% or HK$7,000 (whichever is lower) of the honorarium paid to the student intern on a 4-week basis, up to a maximum of 8 weeks per year for each student intern.