Internet Economy Summit attracts over 3,000 guests

The fourth Internet Economy Summit attracted over 3,000 guests (Image Cyberport)

The two day Internet Economy Summit 2019 in Hong Kong attracted around 3,000 attendees including industry players, entrepreneurs and investors.

The fourth annual summit was focused on the theme of "Digital Economy Redefines our Future" and featured presentations and panel discussions focusing on emerging areas such as artificial intelligence, fintech, cybersecurity, blockchain and digital transformation in the enterprise.

The opening presentation was officiated by financial secretary Paul Chan and Cyberport chairman Lee George Lam.

During the FinTech Forum event yesterday, panel discussions explored the future of the banking and insurance sectors in light of the recent arrival of virtual banks and digital insurers.

Participants also discussed what disruptive technologies including InsurTech and blockchain might bring to the fintech industry.

A panel discussion on virtual banking was moderated by Nelson Chow, the chief fintech officer of the HKMA's Fintech Facilitation Office, and included four speakers from Hong Kong's newly licensed virtual banks.

"As one of the world's leading international financial centres, Hong Kong is blessed with a strategic location, the ‘one country, two systems’ unique arrangement and ever-growing economic collaboration with the Mainland of China,” Lam said during his opening remarks.

“Moreover, Hong Kong has a remarkably enabling environment for the development of fintech. After all, we boast a highly efficient infrastructure in information and communications technology, transparent and reassuring financial regulation, the free flow of capital, talent and information, the rule of law underpinned by independent judiciary, and a government committed to a fintech future.”

During the afternoon, three other industry forums focused on artificial intelligence, "enterprise 4.0" and cybersecurity respectively.

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