Hong Kong Bets on Stablecoins and AI to Future-Proof Its Financial Edge
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
Arthur Yuen, acting chief executive of the Hong Kong Monetary Authority, speaks at the 2025 Caixin Summer Summit in Hong Kong on June 13, 2025. Photo: Caixin
At the 2025 Caixin Summer Summit Friday, Hong Kong financial regulators and top investors stressed the urgency of leveraging emerging technologies like tokenization and AI to adapt to global supply chain disruptions and maintain Hong Kong’s edge as a financial hub.
The event, themed “Embrace Change, Harness Dynamics, and Attain Mastery,” brought together policymakers, financiers, and tech leaders for a high-level forum on the city’s evolving role in a rapidly shifting economic landscape.
You've accessed an article available only to subscribers
VIEW OPTIONS
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
- RELATED
Share this article
Open WeChat and scan the QR code
- DIGEST HUB
Digest Hub
Back
Explore the story in 30 seconds
- Hong Kong regulators at the 2025 Caixin Summit prioritized emerging technologies like tokenization and AI to address global supply chain changes and secure its financial hub status.
- The HKMA's Eddie Yue highlighted new stablecoin regulations effective August 1, stating stablecoins will serve as settlement units, not investments, and revealed upcoming virtual asset policy expansions.
- Hong Kong's trade finance stands at HK$380 billion, and fintech investment is HK$100 billion per year, but true tech application accounts for only about 6% of banks’ pre-tax profits.
AI generated, for reference only
Who’s Who
- Hopu Investment Management Co.
- Hopu Investment Management Co. is chaired by Fang Fenglei, a prominent figure in China's private equity sector. Fang played a key role in the 2025 Caixin Summer Summit, hosting a discussion with Eddie Yue of the Hong Kong Monetary Authority, focusing on global supply chain shifts and digital finance.
AI generated, for reference only
What Happened When
- 2025：
- Hong Kong will release its second major policy statement on virtual assets, expanding beyond stablecoins to the tokenization of traditional assets like stocks.
- 2025：
- Phase Two of Wealth Management Connect saw rapid growth in account openings and capital flows.
- May 2025：
- The HKMA cut HIBOR, easing lending pressure and boosting market sentiment, especially for property and business investment.
- As of 2025：
- About 6% of Hong Kong banks’ pre-tax profits go toward true tech application development.
AI generated, for reference only
- PODCAST
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新