From November 3 to 7, FinTech Week 2025 was grandly held at the Hong Kong Convention and Exhibition Centre. As Asia's leading fintech event, Hong Kong FinTech Week celebrated its tenth anniversary. This year, the conference will further strengthen its international influence, create a larger global stage, focus on and explore core areas driving fintech innovation such as artificial intelligence, Web3, blockchain, digital payments, digital banking, and more.

Hong Kong Chief Executive Carrie Lam, Financial Secretary Paul Chan, People's Bank of China Deputy Governor Liu Le, and other important officials will attend and speak; Tencent Vice President Lin Haifeng, Ant Group Chairman Eric Jing, Binance CEO Richard Teng, Meitu Founder Cai Wensheng, and other industry leaders will also take the stage as guest speakers. BlockBeats reporters will provide real-time coverage from the scene, and the latest developments are as follows:

Franklin CEO: New Business Models in Crypto Space Will Disrupt Traditional Finance and Give Rise to Great Companies

On November 3, Franklin Templeton CEO Jenny Johnson stated at Hong Kong Fintech Week 2025 that previously, the crypto world and the traditional financial world were two parallel universes, both large in scale but almost completely non-overlapping. Like two parallel lines moving forward, suddenly the situation changed, the traditional financial world began to awaken and integrate with the crypto world, putting financial products on the chain, and customers also began to strongly demand exposure to crypto assets.

For the millennial generation, Bitcoin is like their gold. I think Bitcoin itself is an asset, almost like a religion — either you believe in it or you don't. Franklin is paying attention to what is happening in the crypto world because disruption is not only coming from traditional business competitors but may also come from the crypto world. The crypto space will see many new business models, and I believe the next great companies will emerge from this area — along with AI companies.

Furthermore, she revealed that their money market fund will soon announce major news. When asked about the main reason for participating in the Hong Kong event by the host, Jenny said: "We are excited about the prospects for our money market fund, which has seen new demand in many jurisdictions, and I think the announcement may be made here in the next two days."

Eric Yip: Will Allow Professional Investors to Access More Investment Products, Establishing a Fundamental Security Network for Digital Asset Class

On November 3, Eric Yip, a member of the Hong Kong Securities and Futures Commission, stated at Hong Kong Fintech Week 2025 that in addition to the earlier mentioned sharing of the global order book with licensed local virtual asset trading platforms and their overseas affiliates, the commission will also allow professional investors to access more investable products. Hong Kong needs to further build financial and AI infrastructure, manage multiple risks, make greater efforts to establish a fundamental security network for the digital asset class, and collaborate with global regulators to ensure that there is no arbitrage when transferring flows.

Wen Kaiyin: Deepen Fintech Collaboration in the Greater Bay Area, Enhance Integration of Fintech Resources within the Greater Bay Area

On November 3, Wen Kaiyin, Deputy Director of the Local Financial Supervision and Administration Bureau of Guangzhou, Guangdong Province, China, stated at Hong Kong Fintech Week 2025 that Guangzhou has taken the lead in national-level fintech innovation supervision, capital market fintech innovation, blockchain innovation applications, digital currency pilot projects, and more. Since the launch of the fintech innovation supervision pilot in 2020, Guangzhou has implemented 12 fintech innovation projects. The capital market fintech innovation pilot has implemented the first batch of 13 pilot projects, ranking first in approval rates among pilot cities.

In the future, Guangzhou will deepen fintech collaboration within the Greater Bay Area, leveraging the strengths of Hong Kong's high level of financial internationalization, Shenzhen's active market innovation, and Guangzhou's strong scientific research institutions. Efforts will be made to enhance the integration of fintech resources within the Greater Bay Area, increase support for the development of fintech infrastructure such as data transaction and storage platforms, and the national fintech evaluation center. Collaboration will be deepened in areas such as building a fintech collaborative innovation platform and a fintech industry alliance to promote mutually beneficial cooperation. By strengthening the network effects among core cities in the Greater Bay Area, the development of high-quality fintech in the Greater Bay Area will be promoted.

Ashley Alder: Hong Kong to Allow Local Licensed Virtual Asset Trading Platforms to Share Global Order Book with Overseas Entities

On November 3, Ashley Alder, Chief Executive of the Hong Kong Securities and Futures Commission, announced at Hong Kong Fintech Week 2025 that Hong Kong will allow local licensed virtual asset trading platforms to share global order books with overseas affiliated companies to enhance liquidity.

Eddie Yue: Building Next-Generation Data and Payment Infrastructure to Support Comprehensive AI Application in the Industry

On November 3, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, stated at Hong Kong Fintech Week 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. It focuses on four key areas covering over 40 specific projects, including:

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

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

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

Promote financial tokenization and drive a thriving tokenization ecosystem. The HKMA will take the lead in demonstrating asset tokenization, such as normalizing the issuance of tokenized government bonds, and simultaneously exploring the feasibility of foreign exchange fund notes and bond tokenization. The HKMA is about to launch the Ensemble project pilot program to support real transactions and continue to collaborate with the industry and other central banks to foster innovative tokenization use cases.

Standard Chartered Bank CEO: All Transactions Will Eventually Settle on Blockchain

On November 3, Standard Chartered Bank CEO Bill Winters stated at Hong Kong Fintech Week 2025 that both the bank and the Hong Kong SAR leadership believe that all transactions will eventually settle on the blockchain, and all currencies will become digital.

Paul Chan: Stablecoins Reject Investment or Speculation; License Approval Is Only for Applicants with Robust Real Use Cases

On November 3, Hong Kong Financial Secretary Paul Chan stated at Hong Kong Fintech Week 2025 that Hong Kong's financial regulators have a dual mandate of regulation and market development. While encouraging innovation, they must also ensure the true applicability in digital asset regulation, investor protection, and financial stability. Whether for digital asset trading platforms or stablecoins, we adhere to the same activities, risks, and regulatory principles. In particular, our regulatory approach to stablecoins is clear: stablecoins are not for investment or speculation but to promote cost reduction, cross-border transactions, and actual economic activities. This is why under the licensing regime, approval of stablecoin licenses is only open to applicants with a sustainable and robust business model support and real use cases.

Eric Jing: Future AI Agents Will Face Customers; AI and Blockchain Will Reshape Financial Services

On November 3, Ant Group Chairman Eric Jing mentioned at Hong Kong Fintech Week 2025 that AI and blockchain will reshape financial services. The financial services industry is data-rich and language-intensive. The service of financial products is actually abstract, complex, and credit-based, heavily relying on language descriptions for communication and delivery, a phenomenon that covers various areas of the financial field from backend to customer-facing interfaces. Therefore, I expect that it may be necessary to assign a dedicated account manager to each customer, managed by an AI agent, to answer questions, solve issues, and provide personalized and cost-effective advice to users. This is actually a multi-agent system, an agenda system. This is a short-term change in the financial field that we can expect driven by AI technology.

In addition, tokenization driven by blockchain technology can convert various assets into on-chain tokens, enabling assets to be traded very transparently and trustfully across institutions and markets. We can expect a new payment landscape that truly achieves real-time global payments, which will benefit global trade and improve settlement efficiency. This change will bring about more regulated innovative sectors and increased participation from regulatory bodies, shifting blockchain transactions from speculation to value exchange. The transformation of financial services will be driven by blockchain.

Lu Lei: Exploring a New Cross-Border Payment Solution Using Digital Currency and Building a Dual Platform of Blockchain and Digital Assets

On November 3, Lu Lei, Deputy Governor of the People's Bank of China, stated at Hong Kong Fintechweek 2025 that looking ahead, they will explore a new cross-border payment solution using digital currency. The principles of integrity, compliance, and interoperability have become the fundamental principles for the construction of the legal digital currency infrastructure. The People's Bank of China is actively engaging with various parties to explore open, inclusive, and innovative cross-border payment solutions to empower the high-quality development of the digital economy.

First, it will promote multilateral central bank digital currency bridge cooperation to explore a new paradigm for cross-border payments. The People's Bank of China and the Hong Kong Monetary Authority, among several other monetary authorities, have jointly explored and established a multilateral cooperation model based on a central bank digital currency bridge as a template. This model, based on equal governance under central bank agreements and blockchain architecture, connects various economic payment systems and legal digital currency systems to achieve instant cross-border payments in multiple currencies.

Second, relying on the digital RMB cross-border payment platform to provide solutions for central bank digital currency cross-border payment cooperation. The People's Bank of China is offering a bilateral cooperation model based on the digital RMB cross-border payment platform, which flexibly supports cross-border interconnection with systems of various monetary authorities to enjoy intelligent cross-border consumer trade and investment and financing digital experiences.

Third, building a dual platform of blockchain and digital assets to activate a new engine of the Internet of Value. The People's Bank of China has launched a digital RMB blockchain service platform and digital asset platform. Through the interaction of these two platforms, while controlling homogeneous regulatory risks, it can explore asset digitalization innovations that promote regulatory efficiency and penetration conducive to enhancing value circulation efficiency and transparency, driving efficient circulation and optimal allocation of economic factors, empowering the Internet of Value.

John Lee: Hong Kong Encourages More Investors to Enter the Fintech Sector to Accelerate Innovation and Technological Transformation

On November 3, John Lee, Chief Executive of Hong Kong, in his opening speech at Hong Kong Fintechweek 2025, stated that Hong Kong currently has over 1200 fintech companies, a 10% increase from last year. It is expected that by 2032, the total revenue of Hong Kong's fintech industry will exceed $600 billion with an annual growth rate of over 28%. In the first nine months of this year, the fundraising scale of IPOs in Hong Kong has exceeded $23 billion. Hong Kong's capital investment scheme will be relaxed to encourage more investors to enter the fintech sector, and it is also exploring tokenization in conventional finance while using regulatory sandboxes to promote innovation and prudent risk management. Hong Kong is accelerating innovation and technological transformation, focusing on key areas such as artificial intelligence, life and health sciences, new energy, with the aim of helping emerging industries achieve scale development and prosperity.

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