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SFST promotes Hong Kong's Fintech developments in San Francisco (with photos)
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     The Secretary for Financial Services and the Treasury, Mr James Lau, started his visit to San Francisco, the United States, today (May 29, San Francisco time) to promote the role of Hong Kong as a financial technology (Fintech) hub and to seek collaboration opportunities with the Fintech sector there.
 
     In the morning, Mr Lau visited the Envestnet | Yodlee Incubator and met with its management team to share views on Fintech trends and infrastructure support for Fintech developments in Hong Kong. The company is an incubator focusing exclusively on Fintech startups in Silicon Valley, and operates a data aggregation and data analytics platform for financial institutions and Fintech innovators to launch various digital financial services and products.
 
     Mr Lau then attended a luncheon co-organised by the Hong Kong Economic and Trade Office in San Francisco and the Plug and Play Tech Center, an accelerator specialising in growing technology startups and connecting them with corporate partners for business development. While giving a keynote speech at the event, Mr Lau highlighted the vital role of Hong Kong as a base for Fintech companies to explore new business opportunities in Asia.
 
     Mr Lau introduced the promising happenings in the Fintech scene in Hong Kong, emphasising that with concerted efforts by the Government, regulators and the fintech community, Hong Kong has emerged as the link between East and the West in the ever-exciting and ever-expanding area of Fintech.
 
     In the afternoon, Mr Lau visited the BNY Mellon Silicon Valley Innovation Center and met with key personnel there to discuss the applications of emerging technologies including IoT (Internet of Things), machine learning, big data and cloud computing in the financial services industry.
 
     He later proceeded to the Stanford Graduate School of Business to meet with Professor Joseph Piotroski and Professor Charles M C Lee. They exchanged views on issues including Fintech developments in Hong Kong and efforts to attract and groom technology talents as well as changes to Hong Kong's listing rules to allow pre-revenue biotech companies to list on the main board of the Hong Kong Stock Exchange.
 
     Before concluding the first day of his visit, Mr Lau had a dinner meeting with venture capitalists and leaders of Fintech companies to exchange views on global financial innovation and share details of the vast investment opportunities Hong Kong can offer to overseas investors.
 
     Mr Lau will continue his visit to San Francisco tomorrow.
 
Ends/Wednesday, May 30, 2018
Issued at HKT 15:55
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Photo

The Secretary for Financial Services and the Treasury, Mr James Lau (first right) started his visit to San Francisco on May 29 (San Francisco time). He is pictured visiting the Envestnet | Yodlee Incubator and met with its managing team to share his views on Fintech trends and infrastructure for Fintech developments in Hong Kong.
The Secretary for Financial Services and the Treasury, Mr James Lau, gives a keynote speech to promote Hong Kong's role as a Fintech hub in Asia at a luncheon in San Francisco on May 29 (San Francisco time).
The Secretary for Financial Services and the Treasury, Mr James Lau (second right), meets with key personnel of the BNY Mellon Silicon Valley Innovation Center to learn more about the applications of emerging technologies in the financial services industry in San Francisco on May 29 (San Francisco time).
The Secretary for Financial Services and the Treasury, Mr James Lau (second right) and the Director of the Hong Kong Economic and Trade Office in San Francisco, Mr Ivanhoe Chang (first right), visited the Stanford Graduate School of Business on May 29 (San Francisco time). They are pictured discussing various issues with Professor Joseph Piotroski (second left) and Professor Charles M C Lee (first left), including Hong Kong's Fintech developments and efforts to attract and groom technology talents.
The Secretary for Financial Services and the Treasury, Mr James Lau (first left), shares details of the vast investment opportunities Hong Kong can offer to overseas investors with venture capitalists at a dinner meeting in San Francisco on May 29 (San Francisco time).