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FAQs

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For Participating Employers

  1. If our company already has an in-house internship programme, can we participate in the WAM Student Internship Programme?
    Yes. You are strongly encouraged to make use of the WAM Student Internship Programme for your in-house internship programme.

  2. How should companies align their own administrative arrangements under existing in-house internship programmes with the WAM Student Internship Programme?
    Companies with existing in-house internship programmes are welcome to participate in this Student Internship Programme and continue with their existing administrative arrangements (e.g. job rotation) as long as they fulfil the terms and conditions of Participating Employers of the Student Internship Programme.

  3. Is there any compulsory internship duration that Participating Employers have to commit to under the WAM Student Internship Programme?
    For this Student Internship Programme, the duration of an internship position should be no less than 1 month, with the exact duration to be determined by the Participating Employer. It should be noted that the subsidy that the Government would provide to the Participating Employer for each approved internship position will be capped at 3 months each year.

  4. How much will the Government reimburse the Participating Employer for each approved internship position?
    The Government will reimburse the Participating Employer up to 80% or HK$8,000 (whichever is lower) of the honorarium paid to the intern on a monthly basis, up to a maximum of 3 months, for each internship position. The Participating Employer will be eligible to apply for the subsidy when the intern has attained at least 80% of the contractual working hours/days on a monthly basis, up to 3 months, as specified in the employment contract between the intern and the Participating Employee.

  5. Is there any flexibility in the number of internship positions provided by Participating Employers for the 2023 intake?
    There will be no quota on the number of internship positions to be made available under the 2023 Student Internship Programme, subject to funding availability.

  6. Who are the students eligible to apply for the internship positions under the Student Internship Programme?
    All full-time undergraduate and postgraduate students, who are residents of the Hong Kong Special Administrative Region, of the 22 accredited degree-awarding higher education institutions^ at the time of application; and are lawfully employable in Hong Kong are eligible to apply for the internship positions.

    ^ 22 accredited degree-awarding higher education institutions in Hong Kong include Centennial College; City University of Hong Kong; Gratia Christian College; HKCT Institute of Higher Education; Hong Kong Academy for Performing Arts; Hong Kong Baptist University; Hong Kong Chu Hai College (formerly known as Chu Hai College of Higher Education); Hong Kong Metropolitan University (formerly known as The Open University of Hong Kong); Hong Kong Nang Yan College of Higher Education; Hong Kong Shue Yan University; Lingnan University; Saint Francis University (formerly known as Caritas Institute of Higher Education); Technological and Higher Education Institute of Hong Kong of Vocational Training Council; The Chinese University of Hong Kong; The Education University of Hong Kong; The Hang Seng University of Hong Kong; The Hong Kong Polytechnic University; The Hong Kong University of Science and Technology; The University of Hong Kong; Tung Wah College; UOW College Hong Kong; and Yew Chung College of Early Childhood Education.

     



  7. When will the student application process commence for the Student Internship Programme 2023?
    Eligible students can apply from 15 November 2023.

  8. How do Participating Employers verify the eligibility of student interns?
    Interns are permanent residents of the HKSAR:
    Hong Kong Identity Card (HKID)

    Interns are non-local students and being lawfully employable in HKSAR:
    - HKID;
    - Student visa:
    - No Objection Letter (“NOL”) issued by Immigration Department stating the valid period for full-time employment;
    - Endorsement letter from the HEI specifying the period for the internship;
    - Other required document(s) as stated on the NOL or required by the Immigration Departmen

    Studying a full-time undergraduate or postgraduate programme at one of the 22 accredited degree-awarding HEIs (as detailed in Question 6) Student Identity Verification: e.g. Student card, Transcript of Studies.

  9. How is the recruitment process handled?
    Under the Student Internship Programme, all internship positions offered by Participating Employers will be posted on the WAM Pilot Programme website (URL: https://www.wamtalent.org.hk). Each eligible student will submit his/her application via the recruitment platform on this website. The application will then be posted under the employer portal when the position is offered. No limit is placed on the number of internship positions each eligible student can apply for. Participating Employers may initiate and conduct the recruitment process according to their own schedules. Shortlisted student applicant(s) will be contacted directly by respective Participating Employers regarding any suitability assessments. Suitable student(s) will be selected, in order of preference, as student intern(s). Upon acceptance of the offer(s) by the selected student(s), Participating Employers need to notify the Hong Kong Securities and Investment Institute the list of acceoted offers via the PE Admin Panel of the portal before the internship commences. For the Mentor-Mentee match list, it should be emailed across within the first week of the internship period. 

  10. Can any Participating Employer remain anonymous when the internship positions are posted on the WAM Pilot Programme website?
    No. Such an arrangement would infringe the Code of Practice on Human Resources Management (“Code”) issued under section 12 of the Personal Data (Privacy) Ordinance (Cap. 486). Under paragraph 2.3.3 of the Code, an employer who directly, or through its agent, advertises a vacancy that solicits the submission of personal data by job applicants should provide a means for the applicant to identify either the employer or its agent.

  11. Will honorarium information be disclosed when the internship positions are published on the WAM Pilot Programme website?
    No, we will not post any salary information due to its commercially sensitive nature. Participating Employers should discuss terms directly with the student applicants during the selection/recruitment process. The employment terms, including the honorarium, must be agreed between the Participating Employer and student intern before the commencement of internship and set out in the employment contract signed between the Participating Employer and student intern.

  12. What is the timeline for the selection process?
    The selection process will commence immediately on 15 November 2023 when students submit their applications via the portal. Students will have 2 to 3 weeks to submit their applications. Participating Employers would have the flexibility to arrange/complete their selection/offer/appointment processes in the manner that best fits their schedules. Participating Employers should however be mindful of the following points:

    (1) to maximise the benefit of reaching out to a vast pool of students through the portal, Participating Employers are encouraged to shortlist more applicants during the selection process;
    (2) as the application and selection process will take 2 to 3 weeks, the internship period will start from December 2023;
    (3) student interns’ eligibility must be verified by the Participating Employers before they can commence their internships;
    (4) student interns will have to complete their internships before 31 March 2024.

  13. How will the recruitment teams of Participating Employers receive applications from students?
    Students will submit their applications via the online platform of the WAM Pilot Programme website (URL: https://www.wamtalent.org.hk). All student applications, according to the choices of internship positions as indicated by the students, will then be electronically posted on the employer portal. Participating employers will be duly notified by emails.

  14. Do Participating Employers have complete discretion in selecting suitable candidates for their internship positions?
    Student applications will be posted on the portal of the employers to which the students have applied. Employers are free to conduct any suitability assessments as they see fit to select the most suitable students for their internship positions. 

  15. A student applicant can apply for as many internship positions as he/she wants. If a student receives more than one offer from different Participating Employers, what should he/she do?
    Students are allowed to take up more than one internship position provided that: a. each internship position is offered by a different Participating Employer; and
    b. the internship periods do not overlap. If otherwise, the student concerned should discuss and sort out with the Participating Employers involved to ensure that the internship periods do not overlap. If need be, the Hong Kong Securities and Investment Institute may assist in liaising with the Participating Employers concerned on the internship schedules.

  16. Is there any target allocation of internship positions for each HEI?
    There is no such target allocation. Participating Employers should select the most suitable student applicants based on job requirements.

  17. Will the Hong Kong Securities and Investment Institute keep records of students’ applications under the WAM Student Internship Programme?
    As the Student Internship Programme will run for another three consecutive years from 2023 to 2026, and that certain conditions may apply to successfully-placed students for their subsequent applications, the Hong Kong Securities and Investment Institute will keep the records of students’ applications for control purpose. All personal data will be dealt with in accordance with the Personal Data (Privacy) Ordinance (Cap. 486).

  18. What is the purpose of the “watchlist”? In the course of running the WAM Internship Programme, complaints about either the Participating Employers or student interns may arise. If any complaints are substantiated, the Participating Employers and / or student interns concerned will be put on the “watchlist”.
    The “watchlist” will also include Participating Employers and / or student interns who are found to be knowingly in breach of the eligibility requirements of the WAM Internship Programme. Participating Employers and / or student interns on the “watchlist” are not allowed to participate in the initiatives under the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector in future.

  19. How do Participating Employers claim for the honorarium paid to student interns?
    Participating Employers must submit an original copy of completed “Subsidy Claim Form” together with all relevant supporting documents to the Hong Kong Securities and Investment Institute within 60 calendar days from the last day of the internship, or the last day of the last internship if more than one student intern with different internship periods are recruited. If the deadline falls on a Saturday, Sunday or public holiday, the deadline will be the next working day. Late submissions will not be processed. The supporting documents required are as follows:
    (1) copies of the employment contracts of the student interns;
    (2) originals of the Attendance Record of the student interns, duly signed by the student interns and respective supervisors;
    (3) original copy of proof of payment of the honorarium (e.g. payroll slips) duly signed by the student interns;
    (4) completed Evaluation on the WAM Internship Programme by the Participating Employers.

  20. When will Participating Employers receive the subsidy on the honorarium paid to the student interns?
    It will take approximately eight weeks to complete the claim processing procedures, subject to complete and satisfactory supporting documents being provided. If the supporting documents are incomplete or inconsistent, the processing time will be longer as clarifications from the Participating Employers will be needed.

  21. How will the Hong Kong Securities and Investment Institute perform random checks on student interns?
    The Hong Kong Securities and Investment Institute will conduct random checks on the student interns at the employers' offices to see how well they are adapting to their internship positions as well as to oversee how the WAM Internship Programme is progressing.
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For Students

  1. Who are the students eligible to apply for the internship positions under the Student Internship Programme 2023?
    All full-time undergraduate or postgraduate students of the 22 accredited degree-awarding higher education institutions^ who are residents of the Hong Kong Special Administrative Region and are lawfully employable in Hong Kong are eligible to apply for the internship positions.

     

    ^ 22 accredited degree-awarding higher education institutions in Hong Kong include Centennial College; City University of Hong Kong; Gratia Christian College; HKCT Institute of Higher Education; Hong Kong Academy for Performing Arts; Hong Kong Baptist University; Hong Kong Chu Hai College (formerly known as Chu Hai College of Higher Education); Hong Kong Metropolitan University (formerly known as The Open University of Hong Kong); Hong Kong Nang Yan College of Higher Education; Hong Kong Shue Yan University; Lingnan University; Saint Francis University (formerly known as Caritas Institute of Higher Education); Technological and Higher Education Institute of Hong Kong of Vocational Training Council; The Chinese University of Hong Kong; The Education University of Hong Kong; The Hang Seng University of Hong Kong; The Hong Kong Polytechnic University; The Hong Kong University of Science and Technology; The University of Hong Kong; Tung Wah College; UOW College Hong Kong; and Yew Chung College of Early Childhood Education.

     



  2. I have participated in the past Internship Programme. Can I apply for internship under Student Internship Programme 2023? Can I apply for internship positions of the same job category as my previous placement?
    Yes, past student interns can apply for internship positions of any job categories under Student Internship Programme 2023 as long as they fulfil the eligibility criteria as a student applicant.

    There are NO restrictions on the number of internship positions that a student can apply. In other words, a student can apply for as many internship positions as he/she wishes. Yet a student should give due consideration before deciding how many internship positions to take up in the end.

    Past student interns who fulfil the eligibility conditions as listed in question 1 are welcome to apply for internship positions under the Student Internship Programme 2023. The positions can be of the same job categories of the internships taken up under past programme. Such students are however encouraged to consider internship positions of a job category different from their previous placements offered by a different Participating Employer to broaden their exposure.

  3. I am studying at one of the 22 accredited degree-awarding higher education institutions listed in question 1, but I am currently on exchange overseas. Can I apply for the internship positions under Student Internship Programme 2023?
    Yes, as long as you fulfil the eligibility criteria as a student applicant, you can apply for the internship positions under Student Internship Programme 2023. It will be entirely up to Participating Emthem whether they will consider special selection / interview arrangements for students not being in town during their selection period.

  4. I am an exchange student holding a student visa studying at one of 22 accredited degree-awarding higher education institutions listed in question 1. Can I apply for the internship positions under Student Internship Programme 2023?
    One of the eligibility criteria of Student Internship Programme 2023 is that student applicants should be residents of the Hong Kong Special Administrative Region and be lawfully employable in Hong Kong when they apply for the internship positions. According to the regulation of Immigration Department, non-local students of full-time locally-accredited local or non-local programmes at undergraduate level or above whose study period is not less than one academic year may take up internship subject to the following conditions:

     

    i. The internships must be study/curriculum-related and be arranged or endorsed by the institutions they are studying in; and

     

    ii. The duration of the internship is up to one academic year, or one-third of the normal duration of the relevant full-time academic programme, whichever is the shorter.

     

    There is no restriction on the nature of work, level of salary, location, number of working hours and employers for the internship arrangements. If you need additional information regarding to this regulation, please refer to the “Employment during the Study Programme” under FAQ section of Immigration Department under link https://www.immd.gov.hk/eng/faq/imm-policy-study.html.

  5. I am a non-Chinese student with moderate proficiency in Cantonese. Can I apply for the internship positions under Student Internship Programme 2023?
    As long as you fulfil the eligibility criteria as a student applicant, you can apply for the internship positions under Student Internship Programme 2023. It will be up to the respective Participating Employers to consider whether a student applicant will be recruited as an intern with due consideration of his/her overall suitability.

  6. What information and documents should I submit when I apply for internship through the online e-Application portal?
    You are required to input personal and academic information as well as your choices of internship positions via the online Application platform. Participating employers may require additional supporting documents other than curriculum vitae (“CV”). You need to upload full set of documents in a zip file (file size limit of 10MB) with filename structure as follows: surname_givennames.pdf.

     

    Students can also prepare and upload a video CV in “.mp4” or “.mov” format (file size limit of 150MB) to his/her account profile as additional information for PE’s consideration.

     

    The documents should be ready beforehand as each login session is limited to 30 minutes.

  7. Can different versions of CV be submitted to different employers?
    Yes. Each time when you apply via the online Application platform, you can either submit the same set of documents for all selected internship positions, or prepare different sets of documents to different internship positions.

  8. If I receive more than one internship offer, what should I do?
    Noting that many students would like to acquire as much internship exposure as possible during the vacation, they are allowed to take up more than one internship positions offered under the Student Internship Programme 2023 provided that:

     

    a. the internship positions are offered by different PEs but can be in the same or different job categories; and

     

    b. the internship periods do not overlap.

     

    If you receive more than one internship offer from different Participating Employers and wish to accept them all, you should discuss with your potential employers to arrange your internship in accordance with the two conditions stated above. You may request assistance from the Implementation Team of WAM Pilot Programme to liaise with the Participating Employers concerned in arranging non-overlapping internship periods.

  9. Can I change the internship start date or end date if I have other commitments during the period?
    Commitment to complete the internship period is expected from all participating students. Applicants should discuss with their Participating Employers and agree on the internship period including the start and end dates.

  10. Will the HKSI Institute keep records of students’ applications under the Internship Programme?
    The Internship Programme will run for three consecutive years from 2023 to 2026. Records of student interns who have participated in the Internship Programmes will be kept by the HKSI Institute until completion of the WAM Pilot Programme and then returned to the Financial Services and Treasury Bureau afterwards. All personal data will be dealt with in accordance with the Personal Data (Privacy) Ordinance (Cap. 486). Personal information of all unsuccessful student applicants will be destroyed after 18 months from the submission date of their applications.

  11. I understand there is a “watchlist”. What is the purpose of this?
    In the course of running the Internship Programme, complaints on either the Participating Employers or student interns may arise. When such complaints on any Participating Employer and / or student intern are substantiated, the Employer and / or intern will be put on the “watchlist”

    The “watchlist” will also include Participating Employers and / or student interns who are found to be in breach of the eligibility criteria of the Internship Programme.

    Participating Employers and / or student interns who are on the “watchlist” will not be allowed to participate in the Internship Programme and other initiatives under the WAM Pilot Programme in future.

    Further, if it is found that the Participating Employers and / or student interns wilfully and knowingly make false statements or provide wrong information in their applications for the Internship Programme, the respective regulators (for Employers) and universities (for interns) will be informed of such incidents. There may also be attendant legal consequences.