[Explanation] On October 31, "Hong Kong Fintech Week 2022" was held at the Hong Kong Convention and Exhibition Center.

The theme of this year's Fintech Week is "Breaking the Boundaries to Create the Extraordinary", which aims to lead the development of the industry and explore the future of Fintech.

The event features two main parts, a forum and an exhibition, where participants from all over the world come together to share insights and build business connections.

  The Financial Secretary of the Hong Kong Special Administrative Region Government, Chen Maobo, said in a video speech that the digital transformation of the financial services industry is an important matter, and Hong Kong is currently strengthening the construction of financial infrastructure.

  [Concurrent] Chen Maobo, Financial Secretary of the Hong Kong Special Administrative Region Government

  We are strengthening financial infrastructure and strengthening ties with the mainland and the world based on the principle of "one country, two systems".

The digital transformation of our financial services sector is a core priority.

The Hong Kong Monetary Authority (HKMA)'s "Fintech 2025" strategy includes the establishment of "Business Data Connectivity".

I'm happy to say that it launched last week.

Such a milestone development enables companies to share data with banks through a central platform, provide more convenient services, and facilitate access to financing services for SMEs.

  [Commentary] In addition to forums on different themes, Hong Kong Fintech Week also includes exhibitions, business matching, and exchange activities.

In the exhibition area, the reporter saw many mainland financial institutions and companies that came to the exhibition for the first time.

Su Ruolan, Marketing Director of the Hong Kong Subsidiary of the Shanghai Stock Exchange, said that she hopes that through this platform, more overseas companies can understand the mainland's science and technology innovation board and invest and develop in the mainland.

  [Concurrent] Su Ruolan, Marketing Director of the Hong Kong Subsidiary of the Shanghai Stock Exchange

  We hope that through this activity, the business of the Science and Technology Innovation Board will make overseas investors more aware. In fact, there are many science and technology innovation enterprises in China (mainland) that can represent the Chinese market, not only in overseas markets. To invest in science and technology innovation, there are actually many potential markets in China (mainland) for them to invest.

  [Explanation] The staff of Huawei's Hong Kong cloud business told reporters that their customers in the financial field mainly include banks, insurance companies, securities companies or financial technology institutions. Do system innovation.

  [Concurrent] Huang Guangda, Chief Solution Architect of Huawei Hong Kong Cloud Infrastructure

  We also very much hope to take the opportunity of this exhibition to show you some of our technical achievements, that is, how to help some of our different financial customers to do a digital transformation, so that they can enjoy some of the Some of the benefits of elasticity, agility, etc. deployed on the cloud.

The interoperability of some mainland technologies with our Hong Kong or international technologies can bring the technological development of our entire financial industry to a higher level.

  [Explanation] As Hong Kong's first-class technology innovation business incubation base, Hong Kong Science and Technology Parks Corporation comes to participate in the Fintech Week every year. This year, they led 40 companies to participate in the exhibition, looking forward to deal with larger projects.

  [Commentary] Huo Luming, Director of STP Platform of Hong Kong Science and Technology Parks Corporation

  We went from 30 companies last year to 40 companies this year to participate in this event. The main reason is that there is also a lot of room for the development of financial technology in Hong Kong. We hope that some of the projects they will receive this year are twice as many as last year.

We also see that there are many companies in the Greater Bay Area with very good technologies. Our Science and Technology Park also hopes to attract these companies to come to Hong Kong to develop their business. In turn, we also hope that Hong Kong companies will have the opportunity to develop in the Greater Bay Area in the future. .

  [Explanation] It is reported that this year's Hong Kong Fintech Week will last until November 4th.

  Reporter Liu Xuanting reports from Hong Kong

Responsible editor: [Fang Jialiang]