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How Hong Kong’s fintech strategy is progressing – and where growth still lags

How Hong Kong’s fintech strategy is progressing – and where growth still lags
Key Points

Hong Kong has touted rapid progress in the first year of its five-year fintech strategy, pledging to double down on artificial intelligence and tokenisation even as many initiatives face the challenge of achieving commercial scale. Tokenisation, for instance, had moved from the sandbox “into the real world”, said Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), at the city’s annual FinTech Week conference on Monday. Hong Kong had authorised 17 tokenised public...

Hong Kong has touted rapid progress in the first year of its five-year fintech strategy, pledging to double down on artificial intelligence and tokenisation even as many initiatives face the challenge of achieving commercial scale. Tokenisation, for instance, had moved from the sandbox “into the real world”, said Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), at the city’s annual FinTech Week conference on Monday. Hong Kong had authorised 17 tokenised public funds... [Image text:] HONG KONG HONG KONG STARTMEUPHK^ HONG KONG TARTMEUPHK
Hong Kong’s (LOCATION) Hong Kong (LOCATION) Eddie Yue Wai-man (PERSON) the Hong Kong Monetary Authority (ORG) FinTech Week (EVENT)
Originally published by South China Morning Post Read original →