HKETO Berlin Showcases HK's Development in Northern Metropolis and Innovation at Chemnitz's Conference

HKETO Berlin promotes Hong Kong's developments in Northern Metropolis and innovation and technology in Germany

The Hong Kong Economic and Trade Office, Berlin (HKETO Berlin) highlighted Hong Kong's latest developments in the Northern Metropolis and innovation and technology (I&T) at the international conference New Horizons in Future Technologies, held in Chemnitz, Germany, on May 28 and 29 (Chemnitz time).

The conference, which was cohosted by Industrieverein Sachsen 1828, German Global Trade Forum Berlin, and the University of Technology Chemnitz, brought together representatives from the government, business, academic, and diplomatic community. A highlight of the conference was the forum held on May 29, where representatives from Germany and senior diplomats exchanged insights on global development trends and technological developments.

Speaking at the forum, the Director of the HKETO Berlin, Mr Indiana Wong, highlighted the strategic development of the Northern Metropolis as well as the I&T ecosystem in Hong Kong. He also outlined Hong Kong's unique role as a gateway to the Chinese Mainland and wider Asian markets, as well as the opportunities under the "Go Global" initiative.

"The Northern Metropolis covers 30 000 hectares, accounting for one-third of Hong Kong's total land area and injecting new economic impetus into Hong Kong. The development of the Northern Metropolis will also forge closer economic co-operation with adjacent cities in the Greater Bay Area. It is expected to develop into a world-class I&T and research and development hub, which will create numerous job opportunities and attract global talent," Mr Wong said.

The conference also provided a platform for representatives from government, business, and academic sectors to discuss and exchange views on emerging technologies, scientific collaboration, and industrial transformation. Mr Wong also highlighted the top-level planning for hydrogen development and applications in Hong Kong at the conference.

About HKETO Berlin

HKETO Berlin is the official representative of the Hong Kong Special Administrative Region Government in commercial relations and other economic and trade matters in Germany as well as Austria, Czechia, Hungary, Poland, the Slovak Republic, Slovenia and Switzerland.

The Hong Kong Economic and Trade Office, Berlin (HKETO Berlin) promoted Hong Kong's innovation and technology (I&T) development at the New Horizons in Future Technologies Conference in Chemnitz, Germany, on May 28 and 29 (Chemnitz time). Photo shows the Director of the HKETO Berlin, Mr Indiana Wong, giving a presentation about Hong Kong's I&T development at the forum on May 29. Source: HKSAR Government Press Releases

HKMA demonstrates potential of tokenisation to corporate treasury community

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

The Hong Kong Monetary Authority (HKMA) organised a seminar on Corporate Treasury x Tokenisation: The Hong Kong Advantage in Action earlier this week. This event was the first one organised by HKMA in recent years specifically targeting at corporate treasurers and relevant stakeholders. Over 150 participants attended the event, including representatives from about 50 corporates, 30 financial institutions, and various treasury associations.

Tokenisation holds the potential to enhance efficiency and reduce transaction cost, and is gradually gaining attention among corporate treasurers. As such, the HKMA organised this seminar to demonstrate recent use cases of the technology in corporate treasury operations with a view to enriching practitioners' knowledge in the field and encouraging the industry to join HKMA's initiatives, such as Project Ensemble which aims at fostering the development of Hong Kong's tokenisation ecosystem, as well as to consider issuing tokenised bonds through leveraging HKMA's support measures.

During the event, participants exchanged views in two lively panel conversations covering the Project Ensemble use cases for real-time treasury management, and leveraging tokenisation in bond issuance and trade finance. Panellists generally shared the view that the potential associated with tokenisation is immense, and welcomed the ongoing efforts to promote greater market adoption of the technology, thereby bringing a larger and more active ecosystem.

Following this event, the HKMA will follow up with corporate treasury centres (CTCs) which have indicated interest in the field of tokenisation with a view to exploring plans for future collaboration. In line with the Government's Action Plan to Promote the Development of CTCs in Hong Kong announced yesterday (June 9), the HKMA will also engage CTCs on other topics of interest so as to promote their use of Hong Kong's financial platform and obtain market feedback.

HKMA demonstrates potential of tokenisation to corporate treasury community Source: HKSAR Government Press Releases

HKMA demonstrates potential of tokenisation to corporate treasury community Source: HKSAR Government Press Releases