Hong Kong’s monetary authority has announced a new strategic road map for fintech development, positioning the city to further advance responsible innovation and accelerate its financial growth.
“Back then, in 2016 and 2021, our goal was to inject momentum and drive fintech adoption across the financial sector, especially the banking sector,” Hong Kong Monetary Authority Chief Executive Eddie Yue Wai-man said during Hong Kong FinTech Week 2025, which kicked off on Monday. “Now it’s time to take the next step, which is to focus on advancing responsible innovation.”
HKMA’s “Fintech 2030” strategy marks the latest extension of its previous fintech development blueprints. With the vision of building Hong Kong into a “robust, resilient, and future-ready fintech hub”, the plan focuses on four strategic pillars: data, artificial intelligence, resilience, and tokenization.
The new blueprint sets out more than 40 initiatives, including the introduction of a new system for early risk detection and the acceleration of real-world asset tokenization. The plan also seeks to strengthen cross-border payment connectivity and promote comprehensive, responsible use of AI across the financial industry.
“We will be collaborating with the industry to co-create a shared AI infrastructure for finance, a digital backbone with trusted computing, shared tools, and secure data environments,” Yue said.
“That will lower the barrier and level the playing field — especially important for smaller and medium-sized banks — and will also drive innovation for the public good,” he added.
Running from Nov 3-7, this year’s FinTech Week takes place alongside the StartmeupHK Festival 2025, providing a dedicated platform for the global technology industry and startup community to connect, share ideas, and explore new opportunities.
The events are expected to draw over 37,000 participants, including tech leaders, policymakers, entrepreneurs, and investors, and feature more than 700 exhibitors from over 100 economies.
During FinTech Week’s main conference, the Asian Infrastructure Investment Bank announced that it will set up an office in the Hong Kong Special Administrative Region to meet its expanding business needs.
AIIB President Jin Liqun underscored the SAR’s importance in supporting the bank’s high standards of governance and rapid business growth.
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“It serves as an interoperable platform for our bank to cooperate (and) collaborate with a wide range of partners, helping incubate and translate novel ideas into tangible developmental impacts worldwide,” Jin said.
In a government statement issued on Monday morning, Hong Kong Secretary for Financial Services and the Treasury Christopher Hui Ching-yu reaffirmed the city’s commitment to supporting the AIIB’s operations.
“The Hong Kong SAR, China, will continue to capitalize on its unique advantages of connectivity with both the Chinese mainland and the world under the ‘one country, two systems’ principle, with a view to making an active contribution to the AIIB’s long-term development,” Hui said.
