The offline activity of Hong Kong Financial Technology Week 2021 was held at the Hong Kong Convention and Exhibition Center on the 3rd. A number of representatives from the government and regulatory agencies and people in the industry jointly discussed how to promote innovative regulation and make the financial service industry bring maximum benefits to consumers, the industry and the society. Yi Gang, governor of the people's Bank of China, said in a video speech that the rapid development of financial technology has triggered the problem of personal information protection. At present, China's personal information protection legal system has been preliminarily established, and government departments will implement fair supervision according to law. Next, China will further improve the legal system of personal information protection in the financial field and strengthen the supervision of personal information protection. He called on the legislative, judicial and administrative authorities of various countries to strengthen cooperation and regulatory coordination in anti-monopoly, data supervision and consumer rights protection. Chen maobo, financial secretary of the HKSAR government, said in his speech that thanks to the institutional advantages of "one country, two systems", Hong Kong remains the preferred destination for fintech companies to seek local, regional or global operation or expansion. The Hong Kong Monetary Authority and the people's Bank of China have signed the memorandum of understanding on cooperation in the supervision of financial science and technology innovation in Guangdong, Hong Kong and Macao, so that regulators and users can get more timely feedback, speed up the introduction of financial science and technology products and reduce costs. Liang Fengyi, deputy chief executive of the Hong Kong Securities Regulatory Commission, said in her speech that the Hong Kong Securities Regulatory Commission is reassessing the regulatory framework for virtual assets introduced three years ago and communicating closely with the Hong Kong Monetary Authority to issue a joint circular after the completion of the assessment, which is expected to incorporate the principle of "the same business, the same risk and the same rules". According to official data, Hong Kong has more than 600 financial technology companies and start-ups, making it one of the preferred cities for global start-ups to expand rapidly. In June this year, the HKMA launched the "financial technology 2025" strategy, including comprehensively promoting the digitization of banks, deepening the research of the central bank's digital currency, giving full play to the potential of data infrastructure, expanding the financial technology talent pool, and supporting the development of financial technology through resource policies. This Hong Kong Financial Technology Week is hosted by the financial services and the Treasury Bureau of the HKSAR Government and the investment promotion agency, and co organized by the Hong Kong Monetary Authority, the Hong Kong insurance regulatory authority and the Hong Kong Securities Regulatory Commission. It lasts from November 1 to 5. It is expected to attract more than 250 speakers, 400 exhibitors and 30 delegations from 100 economies, The main activities also include offline exhibitions, business matching and exchange activities. (outlook new era)
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Xinhua
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