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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 still participate in the Student Internship Programme (“SIP”) of the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector (“WAM Pilot Programme”)?
    Yes. You are encouraged to make use of the SIP for your in-house internship programme.

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

  3. Is there any compulsory internship duration that Participating Employers have to commit to under the SIP?
    The internship duration should last no less than 1 month, with the exact duration to be determined by the Participating Employer and the student intern. The Government’s subsidy to a Participating Employer for each student intern will be capped at 3 months each financial year.

  4. How much will the Government reimburse the Participating Employer on an internship completed under the SIP?
    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 per financial year ending 31 March, for each student intern. 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 as specified in the employment contract between the intern and the Participating Employer on a monthly basis, up to 3 months.

  5. Is there any ceiling on the number of internship positions provided by Participating Employers for the 2024 intake?
    A quota mechanism on internship positions is introduced to ensure fairness among Participating Employers and provide different internship opportunities to eligible students under the SIP funding. The quota is valid from the date of approval or renewal as a Participating Employer up to the next 31 March. For details, please refer to the “Programme Quota” section of the Guide for Participating Employers.

  6. Who are the students eligible to apply for the internship positions under the SIP?
    All full-time undergraduate or postgraduate students of the 22 accredited degree-awarding higher education institutions (“HEI”s) in Hong Kong^ at the time of application, 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.

    ^ The 22 HEIs include (in alphabetical order): 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; Hong Kong Metropolitan University; Hong Kong Nang Yan College of Higher Education; Hong Kong Shue Yan University; Lingnan University; Saint Francis University; 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 SIP 2024?
    Eligible students can apply for internship positions under the SIP 2024 from 15 March 2024.

  8. How should Participating Employers verify the eligibility of student interns?
    Before extending offer to the students, Participating Employers should perform the following procedures to verify the eligibility of the students:

    a. Inspect and take a copy of supporting documents to prove the student is studying a full-time undergraduate or postgraduate programme in one of the 22 HEIs listed in question 6 above. Proper supporting documents can be:

    - Student Identity Card; or
    - Official transcript or tuition fee receipt; or
    - Screen capture of the student’s profile on the official on-line portal of the HEIs; or
    - Admission letter issued by the HEI; or
    - any other official document issued by the HEI.

    b. Inspect their Hong Kong Identity Card;

    c. For students who are not permanent residents in Hong Kong:

    - Check if the student has a valid visa/entry permit, with validity covering the duration of the internship period; and
    - Inspect and take copy of permit obtained to take up internship in designated period, if applicable. PEs are reminded to read carefully the terms and conditions on the permit.

  9. How is the recruitment process handled?
    All internship positions will be posted on the WAM Pilot Programme website (https://www.wamtalent.org.hk), through which interested students will submit their applications. No limit is placed on the number of internship positions each student can apply for.

    Participating Employers may initiate and conduct the recruitment process according to their own schedules and at their own costs and expenses. Participating Employers can proceed to extend offer to selected students after verification process is completed to satisfactory. Participating Employers shall notify the Hong Kong Securities and Investment Institute (“HKSI Institute”) on offers accepted through the SIP online application portal before the internship commences.

  10. Can 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 on the WAM Pilot Programme website?
    No, we will not post any salary information due to its commercially sensitive nature. Participating Employers should discuss the employment 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 entered into between both parties.

  12. What is the timeline for the selection process?
    Once the internship positions are posted at the online application portal, Participating Employers may receive applications from students. Participating Employers would have the flexibility to plan and arrange their selection and appointment processes in the manner that best fits their schedules. Participating Employers should complete the verification process with selected student before internship commencement.

  13. How will Participating Employers receive applications from students?
    Participating Employers will receive applications from students through the employer’s portal. Moreover, Participating Employers will be duly notified by emails and have full access to the collected information.

  14. Do Participating Employers have complete discretion in selecting suitable candidates for their internship positions?
    Yes. Employers can conduct any suitability assessments as they see fit to select the most suitable students for their internship positions.

  15. Is there any target allocation of internship positions for each HEI?
    No, there is no such target allocation.

  16. What are the consequences for complaints or breaching SIP guidelines?
    In the course of running the SIP, complaints on either Participating Employers or student interns may arise. If any complaints are substantiated, the Participating Employers and / or student interns concerned may be put on an internal “watchlist”.

    The “watchlist” will also include Participating Employers and / or student interns who are found to be in breach of the guides of the SIP. Participating Employers and / or student interns on the “watchlist” may be barred from participating in the initiatives under the WAM Pilot Programme in future.

    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 SIP, respective regulators and / or institutions may be informed of such incidents. There may also be attendant legal consequences.

  17. 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 HKSI Institute within 60 calendar days from the last day of each internship. If the deadline falls on a Saturday, Sunday or public holiday, the deadline will be extended to the next working day. Late submissions will not be processed.

    The supporting documents required are as follows:
    (1) copy of the student’s identity documents as a proof of eligibility under the SIP;
    (2) copy of permit obtained to take up internship in designated period, if applicable;
    (3) copy of duly signed employment contract or offer letter;
    (4) original Attendance Record of the student intern, with company chop affixed and duly signed by the student intern and supervisor;
    (5) original proof of payment of the honorarium duly signed by the student intern;
    (6) original completed and signed performance assessment form of the student intern.

  18. When will Participating Employers receive the subsidy on the honorarium paid to the student interns?
    Subsidy claim applications would normally be processed within 60 days, 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 are required.

  19. How will the HKSI Institute perform checks on student interns?
    The HKSI Institute will conduct visits to the student interns at their workplace or online meetings on a random basis to see how well they are adapting to the internship positions as well as to oversee how the internship is progressing.

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For Students

  1. Who are the students eligible to apply for the internship positions under the SIP?
    All full-time undergraduate or postgraduate students of the 22 accredited degree-awarding HEIs in Hong Kong^ at the time of application, 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.

    ^ The 22 HEIs include (in alphabetical order): 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; Hong Kong Metropolitan University; Hong Kong Nang Yan College of Higher Education; Hong Kong Shue Yan University; Lingnan University; Saint Francis University; 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 participated in the past cohorts of SIP. Can I apply for the new cohort? Can I apply for internship positions of the same job category as my previous placement?
    Yes, students who completed internship under the SIP in the past are most welcome to apply for the SIP again for internship positions of any job categories as long as they fulfil the eligibility criteria. They are however encouraged to consider internship positions of a job category different from their previous placements or offered by a different Participating Employer to broaden their exposure.

    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 check his/her study schedule and give due consideration to the time/effort that he/she is able to commit before application.

  3. I am studying at one of the 22 accredited degree-awarding HEIs listed in question 1, but I am currently on exchange overseas. Can I apply for the SIP?
    Yes, as long as you fulfil the eligibility criteria as a student applicant, you can apply for the SIP. It will be entirely up to Participating Employers whether they will consider special selection or interview arrangements for students not being in town during their selection period, despite student interns under the SIP should work physically in the Hong Kong offices of the Participating Employers throughout the internship period.

  4. I am a non-local student holding a student visa and studying at one of 22 accredited degree-awarding HEIs listed in question 1. Can I apply for the SIP?
    You should observe the eligibility criteria of the SIP that student applicants must be residents of the Hong Kong Special Administrative Region and be lawfully employable in Hong Kong, and studying a full-time undergraduate or postgraduate programme at one of the 22 HEIs.

    According to the Immigration Department, non-local exchange students of full-time and locally-accredited programmes at undergraduate level or above which necessitate study/curriculum-related internship and whose study period is not less than one academic year may take up study/curriculum-related internship but not part-time on-campus employment or summer jobs.

    For details, please refer to “Employment during the Study Programme” under FAQ section on Immigration Department’s website: https://www.immd.gov.hk/eng/faq/imm-policy-study.html.

  5. What information and documents should I submit when I apply for internship through the online application portal?
    After selecting internship positions at the online application portal, you are required to input personal and academic information before submission. Participating Employers may require additional supporting documents other than curriculum vitae (“CV”). You are recommended to upload full set of documents in a zip file (file size limit of 10MB) with English filename structure as “surname_givennames.pdf”. Each login session is limited to 30 minutes and all data will be cleared after logging out.

    You can also prepare and upload a video CV in “.mp4” or “.mov” format (file size limit of 150MB) to your account profile as additional information for Participating Employers’ consideration.

  6. Can I submit different versions of CV to different employers?
    Yes. When you apply for multiple internship positions via the online application portal, you can prepare personalised documents for each internship position in one application.

  7. If I receive more than one internship offer, what should I do?
    You are allowed to take up more than one internship positions offered under the SIP in the same financial year, provided that:

    a. the internship periods do not overlap; and
    b. the internship positions are offered by different Participating Employers or in different job categories offered by the same Participating Employer.

    If you receive more than one internship offer and wish to accept 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 HKSI Institute to liaise with the Participating Employers concerned on adjusting internship periods.

  8. 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. In anticipation of other commitments, student applicants should discuss with their Participating Employers and agree on an adjusted internship period.

  9. Can I skip my lessons to work on a full-time internship?
    You should not skip study for an internship. You should check your study schedule and give due consideration to the time or effort that you are able to commit before taking up the internship positions. Where appropriate, you should apply for an approval from the HEI on a leave of absence.

  10. Will the HKSI Institute keep records of students’ applications under the SIP?
    Records of student interns under the SIP will be kept by the HKSI Institute until completion of the WAM Pilot Programme and will be returned to the Financial Services and Treasury Bureau. 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. What are the consequences for complaints or breaching SIP guidelines?
    In the course of running the SIP, complaints on either Participating Employers or student interns may arise. If any complaints are substantiated, the Participating Employers and / or student interns concerned may be put on an internal “watchlist”.

    The “watchlist” will also include Participating Employers and / or student interns who are found to be in breach of the guides of the SIP.Participating Employers and / or student interns on the “watchlist” may be barred from participating in the initiatives under the WAM Pilot Programme in future.

    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 SIP, the respective regulators and / or institutions may be informed of such incidents. There may also be attendant legal consequences.