The session was moderated by Neil Tan, Chairman & Board Member, Hong Kong Fintech, with speeches from SUN Dong, JP, Secretary for Innovation, Technology and Industry, and Victor YIM, Head of Fintech of Hong Kong Cyberport ; and keynote speeches from Sherry PAN, President of WeLab China, and Jennifer Tan, EVP, GBA of Ant Group. Elsa PAU, Founder and CEO, Blue Onion
; William LAM, Founder & CEO, FundingReach; QIN Peng, CTO of HSBC Fintech China&CIO of HBCN WPB Business, and LIAO Wanli, Founder, Chairman, and CEO of Zhuhai Kingsware Information Technology Co., Ltd , discussed topics related to financial technology.
SUN Dong said that fintech is one of the key technology areas to be promoted in Hong Kong, and Hong Kong Cyberport invites the elites in the industry to brainstorm and seek common development on the future direction of fintech development, while also wishing the conference a complete success. Victor YIM pointed out that fintech disrupts the financial industry and should reshape the financial ecosystem and promote cross-industry development through innovative technology in the era of gaming changes in China. Sherry PAN believed that digital banking has great potential and opportunities for development in the Guangdong-Hong Kong-Macao Greater Bay Area and Southeast Asian countries. Jennifer Tan, on the other hand, stressed that digital trust is a key variable in accelerating the digitisation of industrial collaboration and the digital-real integration of the banking industry, and can unleash new kinetic energy.
During the roundtable discussion, Elsa PAU stated that young people have a strong interest in green finance. By utilizing big data analysis and the latest technology, collaboration can generate more opportunities in sustainable investment and environmental protection.William LAM emphasized the need for sound legal regulations to govern innovative activities in developing financial technology businesses, in order to reduce risks for consumers and investors.QIN Peng pointed out that financial enterprises and fintech companies are interdependent and complementary. Through collaboration, they can promote cost reduction and efficiency improvement in financial operations.LIAO Wanli believed that when fintech companies land in the Greater Bay Area, they need to consider industrial policies, industrial resources, landing scenarios, and talent mechanisms.
The panelists unanimously agreed that financial technology has evolved from empowering finance and enhancing efficiency to transforming and reshaping the financial sector, giving rise to new business models at its core. In the "3.0" era, key technologies determine the trends in financial technology, drive the restructuring of business models, and influence the competitive landscape of finance. Traditional financial institutions face challenges, while technology companies and large internet platforms play specific roles in the new paradigm. Risk supervision is also evolving in new directions.As humanity transitions into the era of intelligence, financial technology is moving from "3.0" and advancing towards the "4.0" era, with data and intelligence at its core, bringing about qualitative changes in the industry.
