Coordination Group on Implementation of Fintech Initiatives convenes sixth meeting

The Secretary for Financial Services and the Treasury, Mr Christopher Hui, chaired the sixth meeting of the Coordination Group on Implementation of Fintech Initiatives (CGFin) today (October 26) and conducted exchanges with representatives from financial regulators, the fintech sector and academia on the latest developments in fintech in Hong Kong. Hui said, "The Government attaches great importance to promoting the development of fintech. According to the latest Global Financial Centres Index Report released last month, Hong Kong retains top global ranking in fintech offering, underscoring Hong Kong's position as a global fintech hub. The work of CGFin is conducive to fostering cross-sectoral co-ordination and co-operation. Taking reference from the valuable views of the industry representatives, the Government and financial regulators will keep up the multipronged approach to facilitate fintech development, including enhancing financial infrastructure, further enriching the fintech ecosystem, nurturing fintech talent, as well as strengthening connections and collaboration with other places." Various fintech topics were covered at the meeting today, including the proposed regulato

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