Fintech in focus as Lam visits London
Chief Executive Carrie Lam Cheng Yuet-ngor is visiting the United Kingdom from Wednesday to Friday and will join the largest financial technology delegation in London on a trip jointly organized by Hong Kong Cyberport and the Hong Kong Monetary Authority.
Lam will speak at the “Think Asia, Think Hong Kong” Symposium organized by the Hong Kong Trade Development Council today (Thursday). Cyberport will also moderate at a session on fintech at the event.
She will also speak at a dinner organized by the HKTDC and meet senior government officials, members of parliament, representatives of the business sector and professionals to introduce Hong Kong’s latest developments, as well as meet people from the Chinese mainland and Hong Kong students studying in the UK.
Secretary for Commence and Economic Development Edward Yau Tang-wah and Secretary for Financial Services and the Treasury James Lau Yee-cheung are also on the visit to Britain.
The fintech delegation is in Britain from Tuesday to Thursday. The HKMA says this trip aims to forge connections among stakeholders in the global fintech landscape. It will also foster collaboration and develop business and investment opportunities and promote Hong Kong’s role as the leading fintech hub of Asia.
The delegation comprises more than 70 participants including representatives from the Financial Services and the Treasury Bureau and Information and Technology Bureau of Hong Kong, the HKMA, banks, investors, professional bodies, and fintech startups from Cyberport.
The delegation plans to visit the Accenture FinTech Innovation Lab in London on Thursday and will meet with innovative UK fintech companies and senior executives from the banking sector to discuss how fintech will transform the traditional financial industry landscape.
“Hong Kong is set to embrace innovation and technology, fintech alike, making it a policy priority for building an even stronger economy, a more livable city,” James Lau said.
Li Shu-pui, executive director (financial infrastructure) of the HKMA, said Hong Kong has all the right ingredients for overseas fintech firms, especially those from the UK, to take root and flourish.
“Knowledge on and the existing connection with the huge Chinese mainland market make Hong Kong a perfect springboard for fintech firms to capture promising prospects,” he said.