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Fintech summit: young blood, fresh ideas are key to Hong Kong’s digital finance future, say industry leaders
- Financial Secretary Paul Chan said the city’s access to the Greater Bay Area provides a huge advantage for fintech companies
- Hong Kong is becoming a ‘Silicon Valley and Wall Street all in one’, HKEX boss tells Greater Bay Area Fintech Talent Summit
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The future of financial technology in Hong Kong will rely on young blood and new ideas, and the city offers many advantages that will help to nurture the sector, industry leaders told a conference.
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“The importance of connecting young people with fintech is obvious because digitalisation in the financial sector will continue to accelerate in the years to come,” said Howard Lee, deputy chief executive of the Hong Kong Monetary Authority (HKMA).
“The younger generation is really the major source of new talent and, more importantly, the source of new ideas and innovation, which are so important to the future of fintech.”
He made his comments during a keynote speech at the Greater Bay Area Fintech Talent Summit on Thursday.
The Greater Bay Area Fintech Talent Initiative is a programme organised by the HKMA, Bloomberg and the Hong Kong United Youth Association. The first intake of 323 students completed a three-week training course which ended on March 3.
More than 20 financial giants, including Goldman Sachs, HSBC, Citigroup and Hong Kong Exchanges and Clearing, which operates the local stock exchange, provide support to the initiative.
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