Coordination Group on Implementation of Fintech Initiatives convenes sixth meeting
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Hui said, "The Government attaches great importance to promoting the development of fintech. According to the latest Global Financial Centres Index Report released last month, Hong Kong retains top global ranking in fintech offering, underscoring Hong Kong's position as a global fintech hub. The work of CGFin is conducive to fostering cross-sectoral co-ordination and co-operation. Taking reference from the valuable views of the industry representatives, the Government and financial regulators will keep up the multipronged approach to facilitate fintech development, including enhancing financial infrastructure, further enriching the fintech ecosystem, nurturing fintech talent, as well as strengthening connections and collaboration with other places."
Various fintech topics were covered at the meeting today, including the proposed regulatory regimes for virtual asset dealing, custodian, advisory and management service providers. The financial regulators also updated the meeting on their progress in adopting AI in the financial market. In addition, the Hong Kong Monetary Authority (HKMA) briefed the meeting on the latest developments of the Project Ensemble, the quantum preparedness of Hong Kong's banking sector, as well as the Commercial Data Interchange and Project CargoX.
The meeting noted that Hong Kong FinTech Week 2026, themed "Fintech Nexus: Bridging the World, Building the Future", will be held from November 2 to 6 in conjunction with the StartmeupHK Festival, with the main conference to be staged on November 2 and 3 at the Hong Kong Convention and Exhibition Centre. Entering its 11th edition, this annual global flagship event will continue to attract participants from across relevant sectors globally. The Financial Services and the Treasury Bureau and Invest Hong Kong will capitalise on the event to collaborate with various participating parties and the industry and showcase the vitality of Hong Kong's fintech ecosystem to the global markets.
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/Monday, October 26, 2026
Issued at HKT 18:00
Issued at HKT 18:00
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