The annual Hong Kong FinTech Week commenced with a renewed emphasis on Web3, a term that encompasses blockchain, tokenisation, and central bank digital currencies. This focus comes in the wake of the JPEX scandal, which significantly impacted investor confidence in cryptocurrencies and related assets. Despite this setback, Hong Kong officials have reaffirmed their commitment to the development of the Web3 market. This sentiment was echoed by Christopher Hui, the Secretary for Financial Services and the Treasury Bureau, during his opening keynote speech at the conference. Other notable speakers included Hong Kong Chief Executive John Lee Ka-chiu, and Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority.
The overarching theme of the conference was 'fintech redefined', signalling a shift in the way finance and technology intersect. The presence of numerous cryptocurrency companies underscored the continued relevance of Web3, a year after Hong Kong announced its ambition to become a hub for virtual assets. However, the aftermath of the JPEX scandal, which resulted in significant financial losses, prompted a shift in focus. The conference now emphasised tokenisation and cross-border transactions, a departure from the previous year's focus on courting overseas crypto businesses.
Two of the three initiatives proposed by Hui to foster fintech development in Hong Kong involve the expansion of digital yuan and Web3 technologies. The third initiative is a new platform for retail fund distribution from Hong Kong Exchanges and Clearing. During the event, the Securities and Futures Commission released two circulars outlining the requirements for tokenised securities, traditional investment products that utilise distributed ledger technology. These circulars pave the way for retail access to such products, provided they adhere to specific guidelines, including prior consultation with the Securities and Futures Commission and the conduct of smart contract audits.
AI驅動英語學習平台
VocabSphere 是一個創新的英語學習平台,提供針對不同熟練程度量身定制的適應性文章。我們的AI驅動系統通過引人入勝的真實內容,幫助學習者提高詞彙、閱讀理解和語言技能。
通過閱讀像這樣的文章,學習者可以擴展詞彙量,提高閱讀速度,並增強理解複雜英語文本的信心。每篇文章都經過精心策劃和調整,為各個級別的學生提供最佳的學習體驗。
"This comes after a scandal with a company called JPEX, which made people worried about cryptocurrencies and similar things."
This is a sample explanation that demonstrates why this sentence is considered good for English learning...
"This means that regular people can now access these products, as long as they follow certain rules."
This is a sample explanation that demonstrates why this sentence is considered good for English learning...
只有 iOS 或 Android 應用程式才能為您提供 VocabSphere 的全面功能,如遺忘曲線詞彙書、練習生成和個人學習進度監控。
立即下載,體驗完整的學習功能!
提升您的英語學習體驗
定制的文章和新聞以匹配學生的英語水平。獲取即時詞語翻譯、同義詞。輕鬆擴充詞彙。
VocabSphere運用遺忘曲線原理,幫助您高效記憶單詞。全面掌握每個詞語。您的個性化詞彙庫,隨時隨地可用。
從您的詞彙庫中創建自定義語法練習。練習不同詞性和句型。教師更可以生成和閱讀理解測驗和練習。