HONG KONG, Sept. 20, 2017 /PRNewswire/ -- Hong Kong
Cyberport (Cyberport) and the Hong Kong Monetary Authority (HKMA)
bring the largest FinTech delegation to London from 19 to 21 September to expand
partnership network for FinTech industry players between the two
cities. This is part of the annual ICT delegation co-organised by
Cyberport and the Hong Kong Information Technology Joint
Council.
The delegation comprises over 70 participants, including
representatives from the Financial Services and the Treasury Bureau
and The Information and Technology Bureau of the Hong Kong SAR
Government, the HKMA, banks, investors, professional bodies, and
FinTech start ups from Cyberport. The mission aims at forging
connections amongst stakeholders in the global FinTech landscape,
with a view to fostering collaboration and developing business and
investment opportunities, as well as promoting Hong Kong's role as the leading FinTech hub of
Asia.
During the welcome dinner co-hosted with the City of London on 19 September (UK time),
officials and leaders from FinTech and investment communities
gathered to witness the signing ceremony of Cyberport's start-up,
TNG FinTech Group and a UK company Tranglo to launch a local
e-wallet in the UK, whereby expanding its "Global E-Wallet
Alliance" to 14 countries, and establishing TNG as a
cross-continent e-payment platform. The party also witnessed the
announcement of another Cyberport start-up, Institute of Financial
Technologists for the launch of its FinTech certification programme
aiming to nurture more talents for the growth of the FinTech
industry.
Dr Lee George Lam, Chairman of
Cyberport, said, "We are pleased to co-organise this FinTech
delegation with the Hong Kong Monetary Authority, and glad to have
the support from the government and various strategic partners.
This is a strong demonstration of the digital tech ecosystem that
Cyberport aims to build. We are committed to propelling our start
ups like TNG towards global expansion, enabling Institute of
Financial Technologists to equip our talents with the professional
skills to transform the financial industry and adding strong
impetus to the economic growth of Hong
Kong. Through this mission, we will foster relationships
with outstanding UK FinTech companies and investors and invite them
to use Hong Kong as their base for
expanding into Asia and the Belt
and Road markets."
Mr James Lau, the Secretary for
Financial Services and the Treasury, said, "Hong Kong is set to embrace innovation and
technology, FinTech alike, making it a policy priority for building
an even stronger economy, a more liveable city. With Hong Kong's rule of law, simple and low
taxation system, world-class infrastructure, free flow of
information and robust regulatory systems that have reinforced our
position as an international financial centre, we are offering an
enabling environment for FinTech to develop. Networking and fusion
of ideas are particularly important to innovation industries
including FinTech, and I am delighted to take part in the
delegation to see strengthened collaboration on all fronts for
business growth and investment opportunities."
Mr Shu-pui Li, Executive Director (Financial Infrastructure) of
the HKMA, said, "The HKMA is glad to co-organise with Cyberport
this mission to London to promote
Hong Kong as the ideal location
for FinTech opportunities. As a premier international financial
centre, Hong Kong has all the
pre-requisites to be a FinTech hub given its efficient and reliable
financial market infrastructure, the banking and fund management
hub status, and the robust regulatory and legal frameworks. Against
this backdrop, Hong Kong is
capable of providing a favourable environment for financial
institutions, payment service providers and FinTech firms to
facilitate innovative technological developments. In addition, its
proximity to, knowledge on and the existing connection with the
huge Mainland China market make Hong
Kong a perfect springboard for FinTech firms to capture the
promising FinTech prospect. The HKMA believes that Hong Kong has all the right ingredients for
overseas FinTech firms, especially those from the UK, to take root
and flourish."
The delegation will visit the Accenture FinTech Innovation Lab
London today (UK time), meet with innovative UK FinTech companies,
as well as learn from senior executives from the banking sector on
how banks are transforming the financial industry landscape through
the application of FinTech.
Cyberport will also moderate a thematic session on FinTech at
the Think Asia Think Hong Kong Symposium organised by the Hong Kong
Trade Development Council on 21 September (UK time).
About Cyberport
Cyberport is an innovative digital community with over 900
digital tech companies. It is managed by Hong Kong Cyberport
Management Company Limited, which is wholly owned by the Hong Kong
SAR Government. With the vision to become a main force in
developing the digital tech industry as a key economic driver of
Hong Kong, Cyberport is committed
to nurturing youth, start-ups and entrepreneurs to grow in the
digital industry through the incubation programme and connecting
them to strategic partners and investors, driving collaboration
with local and international business partners to create new
opportunities, and accelerating digital adoption amongst SME and
corporates.
Cyberport focuses on building key clusters of digital
technology, namely FinTech, eCommerce, IoT/Wearables and Big
Data/AI to foster the development of Hong
Kong into a "Smart City"; amongst which, the FinTech cluster
has grown into a strong community of over 200 companies.
With a committed team of professionals providing all rounded
value added services to support our digital community and an array
of state-of-the-art tech facilities, Cyberport is the flagship for
Hong Kong's digital tech
industry.
For more information, please visit http://www.cyberport.hk
About the HKMA
The HKMA is the government authority in Hong Kong responsible for maintaining monetary
and banking stability. It was established in April 1993 by merging the Office of the Exchange
Fund and the Office of the Commissioner of Banking.
The HKMA's policy objectives are:
- to maintain currency stability within the framework of the
Linked Exchange Rate System;
- to promote the stability and integrity of the financial system,
including the banking system;
- to help maintain Hong Kong's
status as an international financial centre, including the
maintenance and development of Hong
Kong's financial infrastructure; and
- to manage the Exchange Fund.
For press enquiries, please contact:
Hong Kong Cyberport
Elsa
Lee
T: +852 3166 3829
E: elsalee@cyberport.hk
Joey Chan
T: +44(0)7475606358 / +852 3166 3613
E: joeychan@cyberport.hk
HKMA
Herbert Lam
T: +852 2878 1802
E: commsunit@hkma.gov.hk