FINTECH INITIATIVES MEETING HELD

Secretary for Financial Services & the Treasury Christopher Hui today chaired the second meeting of the Coordination Group on Implementation of Fintech Initiatives.

During the meeting, Mr Hui listened to views of representatives from the financial services and fintech sectors, academia and research institutions on the development of Hong Kong's fintech sector.

He said the Government attaches great importance to maintaining regular liaison with the fintech sector, academia and research institutions to ensure the fintech policy and initiatives are proactive enough and also implemented in a way which matches the needs for market development.

Representatives from the Government and financial regulators briefed members on the measures to further promote the development of the fintech sector announced in the 2022-23 Budget and their progress, including the launch of a new round of the Fintech Proof-of-Concept Subsidy Scheme this year to encourage fintech companies and financial institutions to conduct proof-of-concept on more innovative and practical financial services and products.

On nurturing fintech talent, the industry has responded positively to the second round of the Financial Practitioners Fintech Training Programme launched in February, with over 7,100 practitioners registered.

Moreover, the Government will push forward this year the establishment of professional qualifications for fintech practitioners recognised by the Qualifications Framework and roll out a subsidy scheme to encourage practitioners to attain such qualifications, thereby promoting the professional development of fintech talent.

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