Hong Kong government will roll out a variety of initiatives to complement industry efforts in relation to innovation, especially in the field of Fintech, Financial Secretary John Tsang said on Monday.
“Among other things, we shall establish a dedicated team, under InvestHK, to help Fintech start-ups, to help investors and research and development institutions establish their presence in our city,” Tsang said during a visit to Thomson Reuters’ new office in the city.
“Cyberport will kickstart the next generation of Fintech start-ups and talent. And our financial regulators will set up offices to enhance communication with the Fintech community,” he said.
The finance chief noted that breakthroughs in innovative technologies, together with the shifting of the global economic center of gravity to the East, have forged a “new economic order” across the world.
“If we hope to remain relevant, if we hope to seize the opportunities of this new economic order, we need to embrace innovation,” Tsang said.
On Monday, global news and data giant Thomson Reuters opened a new office in Hong Kong’s Central business district.
Tsang said the new office reflects Thomson Reuters’ commitment to use Hong Kong as a regional hub for information exchange.
“Hong Kong continues to be an important hub for businesses in the region. The opening of the new office reinforces our ongoing commitment as an enterprise to investing in Asia as it continues to evolve and grow,” said Sanjeev Chatrath, managing director, Financial & Risk, Asia Pacific at Thomson Reuters.
The office inauguration ceremony was also attended by James Mirfin, managing director, North Asia, Financial and Risk at Thomson Reuters.
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