HKMA Launches Fintech 2030 Strategy to Propel Hong Kong's Fintech Development at FinTech Week 2025

HKMA unveils "Fintech 2030" at Hong Kong FinTech Week 2025

The following is issued on behalf of the Hong Kong Monetary Authority:

The Hong Kong Monetary Authority (HKMA) today (November 3) unveiled "Fintech 2030", a forward-looking strategy for driving Hong Kong's fintech development, at the Hong Kong FinTech Week 2025.

Marking the 10th anniversary of Hong Kong's flagship fintech event, the Hong Kong FinTech Week 2025, co-organised by the HKMA and Invest Hong Kong, represented a significant milestone for Hong Kong's fintech development. The event showcased transformative innovation and charted the direction for the future of fintech in Hong Kong. The event attracted global participants from around the globe to share pioneering ideas, exchange insights on fintech developments, and establish valuable business partnerships.

In his keynote speech, the Chief Executive of the HKMA, Mr Eddie Yue,outlined the vision of "Fintech 2030" to make Hong Kong a robust, resilient, and future-ready fintech hub. The "Fintech 2030" will focus on four strategic pillars, collectively known as "DART", with a comprehensive portfolio of over 40 initiatives, including:

• Creating Next-generation Data and Payment Infrastructure: The HKMA will develop robust and future-ready infrastructure to support secure, efficient and scalable data sharing as well as bolster cross-border payment connectivity, thereby creating new opportunities for all, from unlocking credit and boosting trade finance for enterprises, to enabling more personalised financial services and facilitating easier cross-border remittances for individuals.

• A New Holistic "Artificial Intelligence x Authorized Institutions" Strategy (AI2 Strategy): The new strategy will further drive the comprehensive and responsible adoption of A.I. across the financial sector in Hong Kong and beyond, as well as develop shared, scalable A.I. infrastructure and finance-specific models in collaboration with industry stakeholders. By leveraging A.I., the HKMA aims to boost accessibility, responsiveness, and customisation in banking services while maintaining transparency and accountability to ensure public trust.

• Enhancing Business, Technology and Quantum Resilience: The HKMA is taking proactive steps to strengthen the resilience of the financial sector, including a new fintech-specific cybersecurity certification framework and a new system of early detection through real-time analysis. In shaping the future of quantum finance, the HKMA will drive industry readiness for post-quantum cryptography (PQC) and building quantum-safe infrastructure for secured financial services.

• Tokenisation of Finance: To build a vibrant tokenisation ecosystem in Hong Kong, the HKMA will accelerate the tokenisation of real-world assets (RWAs), including financial assets, and lead by example by regularising the issuance of tokenised government bonds and exploring the concept of tokenising the Exchange Fund papers. Their settlements on blockchains will be enabled by new forms of digital money, including the e-HKD, tokenised deposits, and regulated stablecoins. The HKMA will soon launch the Project Ensemble pilot to empower real-value transactions and will continue to incubate innovative tokenisation use cases in collaboration with industry stakeholders and other central banks.

Mr Yue said, "The power of collaboration, across public and private sectors, and across borders, has set the stage for even greater success on our journey towards 'Fintech 2030'. With a clear focus under the 'DART' strategy, let us join hands in reimagining the future of finance, opening a new chapter, and pushing the boundaries towards a more sustainable and inclusive fintech ecosystem."

The full list of the initiatives under "Fintech 2030" will be updated on the HKMA website. Further details of the initiatives will be announced by the HKMA in due course.

Source: AI-found images

HKMA unveils "Fintech 2030" at Hong Kong FinTech Week 2025 Source: HKSAR Government Press Releases

HKMA unveils "Fintech 2030" at Hong Kong FinTech Week 2025 Source: HKSAR Government Press Releases

HKMA unveils "Fintech 2030" at Hong Kong FinTech Week 2025 Source: HKSAR Government Press Releases

Source: AI-found images

Government releases weekly updates on retail price adjustments of auto-fuel

Stable energy supply is crucial to Hong Kong's economic and social operations. Public transportation, air passenger and cargo services, and electricity supply are directly related to energy supply. The situation in the Middle East is affecting global oil supply, with the impact on Asia being particularly pronounced. The top priority of the Government is to ensure the stability of Hong Kong's energy supply.

Currently, around 80 per cent of Hong Kong's oil products come from the Chinese Mainland. Hong Kong has weathered several global energy crises in the past, including those triggered by the Gulf War and the Ukrainian conflict. With the advantage of having strong support from the motherland, Hong Kong has been able to maintain a stable energy supply amid energy shortages in many regions and cities around the world.

In view of the latest situation in the Middle East, the Environment and Ecology Bureau (EEB) reiterated to local major oil companies the importance of energy for Hong Kong's economic and social operations, and urged them to ensure a stable supply of local auto-fuel. All oil companies have indicated that the supply of local auto-fuel remains at a normal level, and that they will continue to strive to maintain a stable supply.

To facilitate public monitoring of retail price adjustments for auto-fuel, the EEB will, starting from today (April 1) and on a weekly basis, release the seven-day moving average retail prices, after walk-in discounts, of unleaded petrol and diesel from local oil companies, along with the trends in international benchmark prices of refined oil products during the same period. The relevant information has been uploaded to the EEB website:www.eeb.gov.hk/en/energy/financial_monitoring.html.

Crude oil and refined oil products are different products. Therefore, changes in the international prices of crude oil (e.g. London Brent crude) may not necessarily correspond to adjustments in retail prices for auto-fuel. The EEB compares the international benchmark prices of refined oil products with retail prices for auto-fuel in these charts to facilitate the public in monitoring trends of local retail prices for auto-fuel among local oil companies, as well as international prices for refined oil products, and to assess whether these prices are moving in tandem and the extent of such changes.

While local oil companies have set pump prices for auto-fuel, they offer various discounts for actual transactions. As a result, pump prices do not reflect the actual retail prices. In addition to showing pump prices, the charts also show the retail prices, net of walk-in discounts, offered by each oil company. This allows the public to compare the average prices across different oil companies and choose the ones offering more competitive prices. Nonetheless, it should be noted that these charts do not take into account other discounts available only to specific customers, such as credit card discounts and membership card discounts from the oil companies.

The EEB will release the charts for the previous week every Wednesday afternoon. If Wednesday falls on a general holiday, the charts will be released on the next working day.

The Government will continue to closely monitor geopolitical developments, international energy price trends, and the local fuel supply situation to ensure the stability of Hong Kong's energy supply.

Source: AI-found images