Participants will be able to meet face-to-face with financial technology representatives and industry elites from around the world, and listen to lectures and share with renowned financial technology experts.
With cloud computing, big data, artificial intelligence, blockchain, etc. The in-depth application of technology in the financial industry, China’s financial technology has risen rapidly. The list of 2018 Fintech 100 released by KPMG shows that China ranked 4th in the top 10 global financial technology companies in 2018, surpassing traditional financial powers such as the United States and the United Kingdom.
In May 2019, Chairman of the Banking Regulatory Commission, Guo Shuqing, in the written speech of “2019 Tsinghua Wudaokou Global Financial Forum”, also affirmed that financial technology is developing rapidly in China, widely used, and is in a leading position in the world.
However, the fast-rising Chinese financial technology companies are facing various “worries” of growth. First of all, the shortage of financial technology talents has always plagued the industry. Financial technology companies have huge demand for talents, especially for high-end talents. Second, more and more Chinese financial technology companies choose to conduct business in Southeast Asia, South Asia, and even European and American countries. How to enter the local market and integrate local industrial chain resources are urgent problems to be solved. At the same time, deepening exchanges and cooperation with top financial technology companies such as the United States and Europe, and understanding the financial regulatory policies, business culture and financial technology ecosystem dynamics of different countries are all real problems faced by Chinese financial technology companies.
Exploring new opportunities in financial technology
In the face of many “disturbations” of growth, more and more Chinese financial technology companies have turned their eyes to overseas markets, but how to securely take the first step toward the sea? The Hong Kong Special Administrative Region Government Investment Promotion Agency, as the official body responsible for foreign direct investment in Hong Kong, has been actively assisting these companies to take the opportunity to open up the global financial technology market through Hong Kong, a platform that is both international and closely integrated with the Chinese mainland. Business.
To this end, Invest Hong Kong will host the 4th Hong Kong Financial Technology Week from November 4th to 8th, 2019. The event invited more than 200 of the world’s top speakers and more than 100 companies, including from Ant Financial , Tencent, Xiaomi, Weizhong Bank, Weibao, Ping An, Lujin, Yunfeng Finance, Zhongan Insurance, PayPal, Grab Finance, Revolut, Starling Bank, Tinkoff Bank, Shangcheng Group, Standard Chartered Bank and Citigroup The high-level representatives are expected to attract tens of thousands of financial technology practitioners from 70 economies to explore new opportunities in the financial technology market.
At that time, Li Xiaojia, Chief Executive Officer of Hong Kong Stock Exchange, Xu Wei, President of Zhongan Technology (International), Greg Gibb, CEO of Lu Jin, and Kristo Käärmann, Co-founder and CEO of TransferWiseThe guest will deliver a keynote speech.
The main topics of the event include:
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Regulatory Technology, Supervision Technology and Cyber Security
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Payment and Remittance
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Insurance Technology
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Open Application Programming Interfaces (APIs)
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Wealth Management & Investment
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Talent and Culture-Transformation
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Financial Inclusion
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Great Bay Area Cooperation
Participants will be able to meet face-to-face with financial technology representatives and industry elites from around the world and listen to lectures and sharing by renowned financial technology experts. In addition, exhibitors will also showcase the latest technology solutions.
It is reported that this year’s Hong Kong Financial Technology Week also took the lead. The Hong Kong Monetary Authority (HKMA) has issued eight virtual banking licenses since March. The first batch of virtual banks are expected to officially launch the first batch of banking services within six to nine months, just in time for the Hong Kong Financial Technology Week in early November. The service and products will be displayed at the conference.
Figure 1: 2018 event site
Figure 2: Li Kaifu’s speech in 2018
Hong Kong’s financial technology market ranks among the top in the world
Hong Kong is one of the top ten financial technology centers in the world. The Global Financial Technology Center Report 2018 published by the Jagi School of Business at Cambridge University shows that Hong Kong tradition in 2018