Yu Weiweng: Building the next generation data and payment infrastructure to support the comprehensive application of artificial intelligence in the industry
BlockBeats News, November 3rd, Hong Kong Monetary Authority Chief Executive Eddie Yue stated at Hong Kong Fintechweek 2025 that the Hong Kong Fintech Development Blueprint "Fintech 2030" aims to develop Hong Kong into a robust, resilient, and forward-looking international fintech hub, focusing on 4 key areas covering over 40 specific projects, including:
Building next-generation data and payment infrastructure to support secure, efficient, and scalable data sharing, enhancing cross-border payment interoperability, creating new opportunities in various areas such as expanding credit channels for enterprises, promoting trade finance, and providing more personalized financial services and convenient cross-border remittances for citizens.
Supporting comprehensive industry adoption of artificial intelligence to further drive the responsible and comprehensive application of artificial intelligence in Hong Kong and other regions' financial industries.
Strengthening business and technology resilience and preparing for the quantum computing era, including developing a new authentication architecture for fintech network security, establishing new alert systems through real-time analysis, and enhancing the robustness of the financial system and the security of financial services.
Promoting financial tokenization and driving a thriving tokenization ecosystem, the Monetary Authority will take the lead in demonstrating asset tokenization, such as normalizing the issuance of tokenized government bonds, and simultaneously exploring the feasibility of forex fund notes and bond tokenization. The Monetary Authority will soon launch the Ensemble project pilot program to support real transactions and continue to collaborate with the industry and other central banks to nurture innovative tokenization use cases.
You may also like
Gainers
Latest Crypto News
Pacifica Launches ZK Rollup-based Perpetual Contract, Supporting up to 5x Leverage
BAL down over 8% in the last 24 hours, currently trading at $0.907
The well-known DeFi protocol Balancer has been hacked, with the funds lost exceeding $116.6 million.
Balancer Protocol, a popular automated portfolio management platform, has been exploited in a hack resulting in the loss of over $98 million worth of assets. The attack is still ongoing.
Flash Loan Attack: Attack against Balancer is still ongoing, with current total loss estimated to be around $88 million
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com