Regulation

As Hong Kong reaffirms its role as a global financial and logistics centre, and works towards becoming an innovation & technology (I&T) hub, the city is hosting heavyweight events, including the Global Financial Leaders’ Investment Summit and Hong Kong FinTech Week.

Innovation was front and centre in the maiden Policy Address of Hong Kong Special Administrative Region Chief Executive John Lee on Wednesday. The innovation and technology (I&T) concept ran through many of the moves Mr Lee plans for the city, ranging from expanding Hong Kong’s role as a renminbi trading centre and fintech hub to becoming a magnet for technological talent. Fintech plans include laying the groundwork for a digital Hong Kong dollar.

Stronger trade and investment ties with Mainland China and the world at large, boosting the broader trade industry and enhancing the technology sector, especially fintech, were key themes in the Hong Kong Budget for 2022-23, delivered by Paul Chan, the Hong Kong Special Administrative Region Financial Secretary, on Wednesday.