"Fintech Week 2025 Hong Kong" has officially commenced. Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority (HKMA), pointed out that fintech has been thoroughly integrated into Hong Kong's banking industry. It is anticipated that the annual spending in this sector will surpass HK$100 billion in the coming three years.

He disclosed that the upcoming Fintech 2030 Strategy is centered around four key strategic pillars: data, artificial intelligence (AI), resilience, and tokenization.

In the realm of AI, more than three-quarters of banks have either already implemented AI-related solutions or are in the process of piloting them. These banks plan to collaborate with innovators to further explore practical applications, establish robust infrastructure, and improve data environments.

When it comes to tokenization, the Ensemble Project sandbox is set to advance to the next pilot stage, with an initial focus on tokenized money market funds.

Regarding resilience, high-performance computing is under exploration as a means to enhance financial modeling and risk assessment capabilities.

As for data, the future will witness an expansion of the datasets in the Commercial Data Interchange. There will also be efforts to develop data analysis capabilities and application scenarios, along with the construction of a cross-border data ecosystem.