Paul Chan: The Hong Kong Monetary Authority proposed more than 40 specific measures during Fintech Week, focusing on areas such as financial tokenization.

Hong Kong Financial Secretary Paul Chan recently published a personal essay entitled "Financial Innovation and Technology Mutually Promote Each Other," in which he systematically elaborated on Hong Kong's latest progress and strategic deployment in promoting the deep integration of finance and technology.

He pointed out that the Hong Kong Monetary Authority announced more than 40 specific measures covering a wide range of areas during its recent Fintech Week activities, further solidifying the foundation for the development of Hong Kong's fintech ecosystem. As a key blueprint for future development, the "Fintech 2030" strategy will focus on key areas such as financial tokenization, payment system infrastructure upgrades, and the application of artificial intelligence technology, aiming to consolidate Hong Kong's competitiveness and forward-looking layout as an international financial center.

Chan further disclosed that in the past year, startups under Hong Kong Cyberport and Science Park have been very active, achieving significant financing results, with a cumulative financing amount of HK$6 billion, demonstrating the strong potential and market recognition of local innovative technology companies.

At the same time, several Hong Kong-based technology companies have successfully listed, raising a total of approximately HK$5.2 billion in their initial public offerings, not only injecting strong momentum into their own development but also further enriching the structure and vitality of Hong Kong's capital market.

These achievements and policy initiatives fully reflect Hong Kong's firm steps in its dual-engine development strategy of "finance" and "technology," and lay a solid foundation for building a more innovative, efficient, and inclusive fintech system in the future.