FinTech Week News

The crypto crowd is back in town for the industry’s annual Fintech Week jamboree, and what a difference a year makes.

A year ago, crypto enthusiasts were still licking their wounds after Bitcoin’s spectacular 77% crash, FTX’s Sam Bankman-Fried was about to get convicted for fraud, and Singapore looked like the region’s most popular hub for crypto bros.

Jeremy Allaire envisions a ‘global network of stablecoins’ enabling ‘better, faster, cheaper’ transactions for emerging markets trading through Hong Kong.

Following is the speech by the Secretary for Commerce and Economic Development, Mr Algernon Yau, at the second day of the Main Conference of Hong Kong FinTech Week 2024 today (October 29).

Christopher Hui, the Hong Kong Secretary for Financial Services, says that artificial intelligence is high on the agenda and that there is a need for right governance and oversight over its use in the financial markets.

The Insurance Authority (IA) today (29 October 2024) unveiled the InsurTech Forum, an event co-hosted with Invest Hong Kong on Day 2 of the Hong Kong FinTech Week 2024 to gather industry leaders and technology experts for insightful dialogue.

Tokenisation is a major focus of FinTech Week this year, in addition to AI, as Web3 in Hong Kong looks beyond ‘speculative’ cryptocurrencies.

The Government today (October 28) issued a policy statement on responsible application of artificial intelligence (AI) in the financial market.

Following is the speech by the Financial Secretary, Mr Paul Chan, at Hong Kong FinTech Week 2024 today (October 28).

Hong Kong outlined its first policy guidelines dedicated to the use of AI in finance and floated a tax break for virtual assets, part of efforts to promote itself as an Asian business center.

On Monday, government officials touted a common framework through which different regulatory agencies can craft policy governing the use of AI, considered key to the future of finance and other sectors. They also proposed the extension of a tax break on the ownership of digital assets such as cryptocurrencies, promising legislation by the end of the year.

Poman Lo, Founding Managing Partner at impact venture fund AlphaTrio Capital, discusses Hong Kong's ambitions as a green finance hub and investing in climate tech. She speaks with Annabelle Droulers on "Bloomberg: The China Show" from the sidlines of the "Hong Kong FinTech Week". (Source: Bloomberg)

3Cap Founder and CEO Esther Wong discusses investment opportunities in digital assets. She speaks from the sideline of Hong Kong Fintech Week with Annabelle Droulers on "Bloomberg: The China Show". (Source: Bloomberg)

Any institution that wants to use AI ‘must formulate a governance strategy to provide direction on how [the] systems should be implemented,’ the government says.

The Hong Kong Monetary Authority (HKMA) today (28 October) co-organised Hong Kong FinTech Week 2024 with the InvestHK.  The ninth edition of the city’s flagship fintech event has attracted global participants to share innovative ideas, exchange fintech experiences and forge valuable business partnerships.

In his opening keynote, Mr Eddie Yue, Chief Executive of the HKMA, highlighted the importance of embracing the digital frontier to drive the next phase of financial innovation.

Keynote Address at Hong Kong FinTech Week 2024.

Invest Hong Kong (InvestHK) today (8 October 2024) unveiled details of Hong Kong FinTech Week 2024 (HKFW). The ninth edition of HKFW, themed "Illuminating New Pathways in Fintech" will take place from October 28 to November 1. This flagship event stands at the forefront of the global fintech evolvement. Aligned with Hong Kong's vision, the aim is to steer the future of financial services and beyond.