Yu Weiweng: Building the next generation data and payment infrastructure to support the comprehensive application of artificial intelligence in the industry

By: theblockbeats.news|2025/11/03 13:45:54

BlockBeats News, November 3rd, Hong Kong Monetary Authority Chief Executive Eddie Yue stated at Hong Kong Fintechweek 2025 that the Hong Kong Fintech Development Blueprint "Fintech 2030" aims to develop Hong Kong into a robust, resilient, and forward-looking international fintech hub, focusing on 4 key areas covering over 40 specific projects, including:

Building next-generation data and payment infrastructure to support secure, efficient, and scalable data sharing, enhancing cross-border payment interoperability, creating new opportunities in various areas such as expanding credit channels for enterprises, promoting trade finance, and providing more personalized financial services and convenient cross-border remittances for citizens.

Supporting comprehensive industry adoption of artificial intelligence to further drive the responsible and comprehensive application of artificial intelligence in Hong Kong and other regions' financial industries.

Strengthening business and technology resilience and preparing for the quantum computing era, including developing a new authentication architecture for fintech network security, establishing new alert systems through real-time analysis, and enhancing the robustness of the financial system and the security of financial services.

Promoting financial tokenization and driving a thriving tokenization ecosystem, the Monetary Authority will take the lead in demonstrating asset tokenization, such as normalizing the issuance of tokenized government bonds, and simultaneously exploring the feasibility of forex fund notes and bond tokenization. The Monetary Authority will soon launch the Ensemble project pilot program to support real transactions and continue to collaborate with the industry and other central banks to nurture innovative tokenization use cases.

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