Hong Kong Fintech Week 2024 concluded on 1 November 2024, drawing over 37,000 attendees from more than 100 economies.
The event, themed “Illuminating New Pathways in Fintech,” explored the latest advancements in financial technology, with discussions centered around topics such as AI, blockchain, green finance, and cross-border technology integration.
The flagship event was organised by the Financial Services and the Treasury Bureau and Invest Hong Kong, alongside co-organisers the Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), and the Insurance Authority (IA).
Financial Secretary Paul Chan opened the conference, emphasising Hong Kong’s attractiveness for fintech startups.
He noted the city is home to over 1,100 fintech companies, reflecting a 15% growth from the previous year.
Chan also underlined the government’s commitment to fostering responsible AI development through balanced innovation and risk mitigation policies.
Secretary for Financial Services and the Treasury Christopher Hui and Secretary for Commerce and Economic Development Algernon Yau presented key initiatives to enhance the fintech ecosystem.
These included policies to support innovation and technology, as well as funding programmes such as the HK$10 billion I&T Industry-Oriented Fund and the redeployment of HK$1.5 billion to optimise the I&T Venture Fund.
Global Fast Track Competition
The Global Fast Track Awards, a highlight of the event, drew over 500 participants from 56 economies competing across five verticals: fintech, AI, ESG/green, blockchain, and insurance/healthtech.
Shanghai-based Datatist won the Mainland China category for its AI predictive analytics platform.
Meanwhile, Singapore’s WeavAir secured the international prize for its ESG data analytics solution tailored for financial institutions.
Major Announcements from Hong Kong Fintech Week 2024
Several key initiatives were revealed during the event:
• The HKMA launched “Project Ensemble” to accelerate the development of asset tokenisation and “Project Evergreen” to promote broader adoption of tokenisation in capital markets.
• The SFC announced a new regulatory framework for virtual assets, providing clearer guidelines for trading platforms and service providers. It also unveiled a consultative panel for licensed virtual asset trading platforms (VATPs) to facilitate industry collaboration and enhance investor protection.
• The IA revealed plans for a 2025 industry survey to develop a flexible regulatory framework for the ethical use of AI in the insurance sector, further advancing its focus on operational resilience and innovation.
Find our detailed top highlights and news roundup from the event here.
Hong Kong Fintech Week will return for its 10th edition from 3-7 November 2025.
Featured image: (From left) Co-Founder & Chief Executive Officer of Finoverse, Anthony Sar; Global Head of Financial Services, Fintech & Sustainability of InvestHK, King Leung; Permanent Secretary for Financial Services and the Treasury (Financial Services), Salina Yan; Secretary for Financial Services and the Treasury, Christopher Hui; Financial Secretary, Paul Chan; Chief Executive of the Hong Kong Monetary Authority, Eddie Yue; Associate Director-General of Investment Promotion 1 of Invest Hong Kong, Charles Ng; Co-founder of Finoverse, Vila Wong.
