On November 3, HSBC announced at Hong Kong FinTech Week that it will establish a global "AI and Emerging Technology Research Institute" in the Northern Metropolis of Hong Kong, with operations planned to commence in early 2027. In its initial phase, the institute will focus on areas including talent skills upgrading, AI security and fraud detection, post-quantum cryptography, and blockchain, driving innovative solutions from R&D to practical application across various business areas. HSBC has selected the Hong Kong University of Science and Technology as its primary academic partner, which will provide academic expertise and specialized research to help connect talent and top academic institutions across different fields.