Dr Rocky Tung is the Executive Director for the Financial Services Development Council (FSDC). He provides strategic leadership to advance policy research, foster industry collaboration, and drive initiatives that enhance the development and international competitiveness of Hong Kong’s financial services sector.

Before his current appointment, Dr Tung served as Director and Head of Policy Research at the FSDC between 2019 and 2026, leading its research effort to formulate proposals for the Hong Kong Special Administrative Region Government and financial regulators. Prior to joining the FSDC, he was the Director of Capital Markets Policy at the CFA Institute, covering research on capital market structures in the Asia-Pacific region. Before that, he was the Senior Economist for the Hong Kong General Chamber of Commerce, where he oversaw its macroeconomic research, as well as labour- and international trade-related policy research functions. He also served as an economist and research analyst for banks, a trade credit insurer, and a Hong Kong-based think tank.

Dr Tung holds a doctoral degree in organisational leadership from Northeastern University in Boston and is a Fellow of CPA Australia. He received master’s and bachelor’s degrees in Economics from the University of Hong Kong and the University of Wisconsin– Madison, respectively.

Synopsis

Anchoring Value, Enabling Flows: Hong Kong as a Multi-Asset Global Capital Nexus

As global capital and trade realign, investors increasingly seek diversification, optionality and trusted platforms. For Hong Kong, this is a timely moment to reassert its international role, not only as a super-connector between Mainland and global markets, but as a nexus where value is anchored. In capital markets, a shared agenda across the "5Is" (issuers, investors, intermediaries, instruments and infrastructure) can shift Hong Kong from listing venue to capital formation centre, underpinned by patient capital, credible benchmarks and an interoperable market architecture. The same logic extends to real assets. With gold as the entry point, Hong Kong can build a commodity ecosystem that links physical markets with pricing, settlement and risk management. Through coordinated public-private action, these efforts position Hong Kong as an open, interoperable, multi-asset global capital nexus across currencies, asset classes, and time zones.