Hong Kong government explores regulatory virtual trading platform to promote blockchain trade financing researchsteemCreated with Sketch.

in bitcoin-blockchain •  5 years ago  (edited)

The Financial Secretary of Hong Kong, Chen Maobo, said at the meeting that more than 550 financial technology companies and start-ups have set up their headquarters in Hong Kong. Over the past five years, these companies have raised more than $1.1 billion in funds, surpassing Japan, Singapore and Australia. Other countries. He pointed out that the government and regulators are also exploring the regulation of virtual trading platforms, and researching the trade link block platform "Trade Link" (eTradeConnect), which will be jointly promoted by a number of banks, to connect international companies.

In recent years, the Hong Kong SAR Government has vigorously promoted the development of financial technology. The Guangdong, Hong Kong, Macao and Dawan District Development Association has injected new impetus into the development of Hong Kong's financial technology.

Hong Kong Chief Executive Lin Zhengyue delivered a speech at the Internet Economic Summit on April 15th. He said that it is the best time for Hong Kong to develop science and technology. One country, two systems have unique advantages in Hong Kong, including international networks, independent judicial systems, intellectual property protection, etc. The Bay Area also helps cities to take advantage of their strengths and strengthen cooperation with international companies.

The "Guangdong, Hong Kong and Macao Dawan District Development Plan" proposes that one of the strategic positioning of the development of Dawan District is to build an international technology innovation center with global influence. Lin Zhengyue pointed out that Hong Kong will play the role of a world-class logistics infrastructure and an international financial center, and it is expected to become "Oriental Wall Street" and "Oriental Silicon Valley" in the future.

The Financial Secretary of Hong Kong, Chen Maobo, said at the meeting that more than 550 financial technology companies and start-ups have set up their headquarters in Hong Kong. Over the past five years, these companies have raised more than $1.1 billion in funds, surpassing Japan, Singapore and Australia. Other countries. He pointed out that the government and regulators are exploring the regulation of virtual trading platforms, and researching the trade link block platform "Trade Link" (eTradeConnect), which will be jointly promoted by a number of banks, to connect international companies.

The Internet Economic Summit held two days ago, with the theme of “Digital Economy Creating the Future”, brought together more than 70 heavyweight guests to explore the challenges and opportunities brought about by the digital revolution.

This also proves that Hong Kong's financial technology ecosystem has flourished in the past few years. The two flagships of Cyberport and Science Park have gathered more than 300 companies, covering a wide range of applications, including big data, blockchain, mobile payment, network security, artificial intelligence, program trading and other applications. The world's leading innovation labs and accelerator programs, such as the Accenture Financial Technology Innovation Lab, Deloitte's Asia Pacific Blockchain Lab, and The Floor, a financial technology platform from Israel, have settled in Hong Kong.

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