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Published: 19:22, October 13, 2022 | Updated: 21:59, October 13, 2022
Hui: Eased travel curbs to help ensure HK Fintech Week success
By Zhang Tianyuan
Published:19:22, October 13, 2022 Updated:21:59, October 13, 2022 By Zhang Tianyuan

Secretary for Financial Services and the Treasury Christopher Hui Ching-yu announces the details of the Hong Kong FinTech Week 2022 initiatives on non-fungible tokens and shares a teaser related to the HKSAR govt's announcement regarding the policy statement on the development of virtual assets in Hong Kong on Oct 13, 2022. (PHOTO / HKSAR GOVERNMENT)

The recent relaxation in Hong Kong quarantine rules by the Hong Kong Special Administrative Region government creates favorable conditions for hosting the upcoming Hong Kong Fintech Week.

Hong Kong Secretary for Financial Services and the Treasury Christopher Hui Ching-yu made the remarks at a news conference on Thursday while introducing the annual event.

Hui said that the fintech event is expected to attract over 500 representatives of financial institutions from around the world, and more than 200 speakers from the Chinese mainland and overseas.

Hong Kong Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said that the fintech event is expected to attract over 500 representatives of financial institutions from around the world, and more than 200 speakers from the Chinese mainland and overseas

“We are confident that under the ‘0+3’ entry arrangement, Hong Kong Fintech Week … will attract more participation from the mainland and overseas institutions, enterprises and investors, demonstrating Hong Kong’s competitiveness as an international financial center, and our status as an ideal market to develop and expand different financial innovations,” he said.

The current “0+3” model requires arrivals to undergo only three days of medical surveillance without the previously mandated stay in a quarantine hotel.

The weeklong event, themed “Pushing Boundaries, Reaping Benefits”, will start on Oct 31 both virtually and in-person. It will feature the global fintech outlook, its opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area and other cities on the mainland, and the implementation of emerging technology along with digital assets.

ALSO READ: Rise of Greater Bay Area boosts Hong Kong's fintech industry

He said during the event, the HKSAR government will issue a policy statement on the development of virtual assets in the city.

“The policy statement will make our policy stance on virtual assets clear to the global markets. It will also demonstrate our commitment and determination to explore financial innovations together with the global virtual-assets community,” he said.

The Financial Services and the Treasury Bureau and Invest Hong Kong, the government's direct-investment promotion agency, are organizers of Hong Kong Fintech Week.

Hui, Hong Kong Financial Secretary Paul Chan Mo-po, Secretary for Commerce and Economic Development Algernon Yau Ying-wah, and Mu Changchun, the director-general of the digital currency institute of the People’s Bank of China, are expected to attend the event.

READ MORE: HK can lead fintech race by leveraging its strategic assets



tianyuanzhang@chinadailyhk.com


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