The Hong Kong FinTech Week 2020 came to a close last Friday on the 6th November with reportedly 1.2 million viewer tuning in for the fully virtual event.

The three-day main conference and over 30 satellite events featured important announcements, thought-provoking debates and panel sessions covering all aspects of financial technology.

It was co-organised by Invest Hong Kong (InvestHK), the Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC) and the Insurance Authority (IA), and supported by the Financial Services and the Treasury Bureau.

The event had more than 100 hours of content, saw over 18,000 total business contacts made, and had more than 500 exhibitors, over 350 speakers, 230 journalists and 29 delegations from over 130 economies.

This year’s fintech week focused on the opportunity to humanise fintech to reignite growth, build trust and financially empower society and businesses in the post-COVID-19 world. Throughout the week, hot topics including the development of central bank digital currencies (CBDCs), virtual asset regulation, virtual banking and addressing algorithmic bias in artificial intelligence (AI) to enable more inclusive fintech applications were discussed.

The Director-General of Investment Promotion at InvestHK, Mr Stephen Phillips said,

“It is fitting that this year’s event was virtual because it is a metaphor for the sheer adaptability and resilience of Hong Kong’s fintech sector. Despite the pandemic, fintech companies have continued to launch, hire and scale up. It was encouraging to see esteemed global fintech leaders, investors and regulators come together as peers to talk about the big issues and opportunities for the year ahead for fintech.”

Featured Image: YouTube screen grab