Coordination Group on Implementation of Fintech Initiatives convenes fifth meeting
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Mr Hui said, "The Government is committed to promoting fintech development. According to the latest Global Financial Centres Index Report released last month, Hong Kong ranked first globally in fintech offering, underscoring Hong Kong's pivotal role in driving fintech forward. The Government and the financial regulators will continue to adopt multipronged measures in facilitating fintech development, including enhancing financial infrastructure, building a more active fintech ecosystem, nurturing fintech talent, as well as strengthening connection and collaboration with the Mainland and overseas. The work of CGFin is crucial to promoting cross-sectoral co-ordination and co-operation. I would like to thank the industry representatives for providing valuable views."
The Government exchanged views with the participants on different fintech areas, including promoting the development of a digital asset ecosystem while balancing investor protection and risk management, as well as the significant potential of green fintech in driving the development of sustainable finance. In addition, the Hong Kong Monetary Authority (HKMA) reported the latest developments of the wholesale central bank digital currency Project Ensemble and the Generative Artificial Intelligence Sandbox initiative at the meeting.
The meeting noted that Hong Kong FinTech Week (HKFTW) 2025, themed "Curating the New Fintech Era", will be held from November 3 to 7 in conjunction with the StartmeupHK Festival, with the main conference to be staged on November 3 and 4 at the Hong Kong Convention and Exhibition Centre. The 10th edition of HKFTW will continue to attract attendees from all over the world, including renowned speakers across different sectors. The Financial Services and the Treasury Bureau and Invest Hong Kong will collaborate with various participating parties and the industry to showcase the vitality of Hong Kong's fintech ecosystem to the global markets, with a view to further consolidating Hong Kong's position as a leading global fintech hub.
CGFin is chaired by the Secretary for Financial Services and the Treasury with members including representatives from the HKMA, the Securities and Futures Commission, the Insurance Authority, the Mandatory Provident Fund Schemes Authority, the Accounting and Financial Reporting Council, Invest Hong Kong, Cyberport, and the Hong Kong Science and Technology Parks Corporation.
Ends/Thursday, October 16, 2025
Issued at HKT 18:00
Issued at HKT 18:00
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