Hong Kong Fintech Week marked its 10th edition, drawing over 37,000 participants from more than 100 economies. Regulators seized the opportunity to announce the "Fintech 2030" five-year action plan, introducing over 40 initiatives aimed at establishing a more robust, resilient, and forward-looking global fintech hub.
The roadmap centers on the "DART" framework—Data, AI, Resilience, and Tokenisation—signaling Hong Kong's transition from proof-of-concept stages to institutionalized and scalable implementation.
Stablecoins emerged as a key highlight. Multiple companies showcased cross-border payment and corporate treasury solutions, emphasizing that "capital agility" will drive future competitiveness. Real-time, transparent, and programmable stablecoin settlements are expected to enhance corporate efficiency. Hong Kong's new stablecoin regulations, effective since August this year, mandate issuers to hold high-quality liquid assets and maintain at least HKD 25 million in paid-up capital.
Major banks also publicly endorsed blockchain's future. Standard Chartered Group predicted that "nearly all transactions will settle on blockchain, with all currencies digitized." The bank is developing tokenized products and plans to issue a Hong Kong dollar-pegged stablecoin. Tencent, meanwhile, demonstrated its cross-border connectivity achievements, with its payment network now linking over 20 overseas wallets across more than 10 countries and regions.
On the corporate front, local fintech firm Reap announced the expansion of its headquarters in Quarry Bay, citing Hong Kong’s clear regulations, deep multi-currency liquidity, and global connectivity as advantages. Financial Secretary Paul Chan emphasized balancing innovation with stability, leveraging regulatory sandboxes to allow new services to test under controlled conditions while safeguarding investors and systemic stability.
Co-hosted by multiple Hong Kong SAR government departments, this year’s event featured 11 thematic forums, over 800 speakers, and 700 exhibitors, covering AI, digital assets, healthtech, and cross-border innovation partnerships—underscoring Hong Kong’s strategy to solidify its position as a global digital finance hub.