HKMA hosts fifth Global Financial Leaders' Investment Summit
The following is issued on behalf of the Hong Kong Monetary Authority:
The main session of the Global Financial Leaders' Investment Summit (the Summit), organised by the Hong Kong Monetary Authority (HKMA), successfully concluded today (November 3). The event brought together approximately 280 global financial leaders, including around 120 group Chairpersons and chief executive officers.
The theme of this year is "Rethinking the Playbook". Vice Premier of the State Council Mr He Lifeng delivered an opening keynote at the Main Summit by video. Discussions followed on key macroeconomic trends, financial market shifts, and technological advances that are shaping emerging opportunities and risks across various sectors, asset classes, and geographies. The various panels collectively rethink whether the financial playbook needs a major update to live in a world where risk is a constant and resilience a necessity that cannot be taken for granted.
The Chief Executive of the HKMA, Mr Eddie Yue,said, "This marks the fifth consecutive year of the Summit, serving as a platform to foster global financial leader's high-level dialogues and deepen ties across the global financial community. Participants gets to experience first-hand how Hong Kong is re-thinking its playbook to transform the economy through innovation and technology, and how it continues to strengthen its position as an international financial centre."
The event attracted global financial leaders across a wide range of sectors, including banks, securities firms, asset owners, asset managers, private equity and venture capital firms, hedge funds and insurers. The event was also live-streamed; the replay is available on theHKMA's website.
Commencing yesterday (November 2) with a welcome dinner at The Henderson, the three-day Summit will conclude tomorrow (November 4) with the "Conversations with Global Investors" investment forum co-organised by the HKMA, the Securities and Futures Commission and the Hong Kong Academy of Finance. Details can be found inSummit Programme.
The main session of the Global Financial Leaders' Investment Summit (the Summit), organised by the Hong Kong Monetary Authority (HKMA), successfully concluded today (November 3). Photo shows the Chief Executive of the HKMA, Mr Eddie Yue, delivering welcome remarks at the Summit. Source: HKSAR Government Press Releases
The main session of the Global Financial Leaders' Investment Summit (the Summit), organised by the Hong Kong Monetary Authority, successfully concluded today (November 3). Photo shows the Financial Secretary, Mr Paul Chan, delivering remarks at the Summit. Source: HKSAR Government Press Releases
The main session of the Global Financial Leaders' Investment Summit (the Summit), organised by the Hong Kong Monetary Authority, successfully concluded today (November 3). Photo shows the Chief Executive, Mr John Lee, delivering a keynote speech at the Summit. Source: HKSAR Government Press Releases
Keynote speech by SITI at 2026 World Internet Conference Ministerial Meeting on "Working Together to Take a People-Centered Approach and Develop AI for the Positive and for Good" in Wuzhen
Following is the keynote speech by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at the 2026 World Internet Conference (WIC) Ministerial Meeting on "Working Together to Take a People-Centered Approach and Develop AI for the Positive and for Good" in Wuzhen, Zhejiang today (November 3):
Distinguished ministers, ladies and gentlemen,
Good evening. First of all, I would like to thank the World Internet Conference for convening this ministerial meeting. The theme before us - Working Together to Take a People-Centred Approach and Develop AI for the Positive and for Good, reflects our shared responsibility to harness the opportunities brought by artificial intelligence (AI) while ensuring that technological progress serves the well-being of people and society.
In Hong Kong, our First Five-Year Plan promulgated in September this year sets a clear target: to establish Hong Kong as an international innovation and technology (I&T) centre rooted in the Guangdong - Hong Kong - Macao Greater Bay Area by 2030. In this process, infrastructure plays a crucial role. At present, Hong Kong's overall computing power has reached 5 000 PFLOPS (peta-floating point operations per second). We are in parallel constructing the Sandy Ridge Data Facility Cluster in full speed so that it will provide 180 000 PFLOPS by 2032 - 36 times our current capacity. Meanwhile, our three major I&T parks - Cyberport, the Hong Kong Science Park, and the Hong Kong-Shenzhen Innovation and Technology Park - already host over a thousand AI-related enterprises and start-ups.
The HKSAR (Hong Kong Special Administrative Region) Government has also established the Committee on AI+ and Industry Development Strategy to facilitate AI-driven industrial transformation and promote co-ordination among the Government, industry, academia, research, investment and application sectors to foster the deep integration of AI with various industries. Apart from that, the Hong Kong AI Research and Development Institute will commence operation this year to co-ordinate downstream research, industry application and solution matching, driving the industrial application of AI.
A people-centred approach is equally important. To this end, we have launched the "AI for All" Inclusive Programme this summer to roll out training courses and activities through our quangos to promote AI awareness, enhance professional skills as well as competitiveness through AI.
We believe that AI should be developed for good purposes. While AI offers considerable opportunities, its rapid development also presents new challenges. The HKSAR Government therefore adopts an approach that encourages innovation while at the same time strengthening risk governance. We are taking forward a comprehensive AI risk-governance strategy, covering seven areas namely combating AI-related crime, strengthening protection for minors, promoting market assessment of AI ethical risks, promoting safe and orderly AI adoption across industries, studying legal liability for AI-related accidents, issuing guidelines for managing AI agents, and examining the employment impact of AI. These are not bureaucratic boxes to tick, but are in fact safeguards for our people who use AI for their business, research, study and their everyday life.
Our gathering here today for the WIC and this Ministerial Meeting is the testament to the importance of international collaboration in realising the full potential of AI. As a "super connector" and a "super value-adder", Hong Kong looks forward to more meaningful cross-cultural dialogue and practical collaboration with our partners around the world. Thank you.
Keynote speech by SITI at 2026 World Internet Conference Ministerial Meeting on "Working Together to Take a People-Centered Approach and Develop AI for the Positive and for Good" in Wuzhen Source: HKSAR Government Press Releases
