Just like most of the conferences and seminars in 2020, Hong Kong FinTech Week, one of the spotlight events in Asia, had to go virtual. Despite the fact that no physical contact was allowed, it seems that there was no adverse impact on the participation. According to Invest Hong Kong, the Co-organiser: “…this year’s fully virtual event drew over 1.2 million viewers, had more than 100 hours of content, saw over 18,000 total business contacts made, and had more than 500 exhibitors, over 350 speakers, 230 journalists and 29 delegations from over 130 economies”.

The theme of this year was “Humanising FinTech”, and the event aimed to explore how fintech can unlock the power of financial services to positively impact the society and the business. Many high-profile speakers, including senior government officials, have shared their experiences and views on various topics.  Many market-influencing announcements were made during the event. From the perspective of RegTech, the two most significant developments would be first, the announcement of the RegTech white paper by the HKMA that lays out a two-year roadmap to promote RegTech adoption in Hong Kong, and second, a new licensing regime and framework unveiled by the SFC to regulate all virtual asset trading platforms.

The RTAHK has actively participated in this event. The association has announced its first RegTech Map in Hong Kong during the event, hoping to illustrate a comprehensive RegTech ecosystem to assist all RegTech participants. In addition, the RTAHK has hosted a virtual booth to promote itself.  Last but not the least, three RTAHK members, including Felix Cheung, the Chairman of RTAHK, Simon Leung and Lawrence Yeung have shared their views in the “RegTech in HK – Our Strength and Future” session organized by Cyberport. Below is the link of their sharing for anyone who is interested.

Chairman of RTAHK - Felix Cheung

Co founder & CEO of TESS Asia - Simon Leung

Operations & Compliance Advisor of Earth Channel Limited - Lawrence Yeung