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Hong Kong Fintech Week 2024, co-organized by the Hong Kong Monetary Authority (HKMA) and Invest Hong Kong (InvestHK), wrapped up on November 01, drawing over 30,000 attendees from more than 100 economies. This year’s event reinforced Hong Kong’s position as a global fintech hub, highlighting its business-friendly environment, robust regulatory framework, and strategic location. Key announcements underscored the city’s commitment to financial innovation, including regulations on digital assets and insurtech, infrastructure modernization efforts, as well as cross-border partnerships.
The ninth edition of the Hong Kong Fintech Week (HKFTW), themed "Illuminating New Pathways in Fintech”, will take place from October 28 to November 01, 2024. This flagship event is expected to draw over 30,000 attendees from more than 100 economies and will feature an array of industry leaders all gathered to address key trends shaping the future of fintech, including artificial intelligence (AI), sustainable finance, and tokenization.
In Hong Kong, the adoption of generative artificial intelligence (genAI) in the financial sector remains focused on internal applications aimed at automating tasks, improving workflows and sharing knowledge. According to research by the Hong Kong Monetary Authority (HKMA), KPMG China and Quinlan and Associates, 80% of genAI use cases in the financial services sector are centered on these internal functions.