Bureau Heads Visit Cyberport

Secretary for Innovation & Technology Alfred Sit and Secretary for Financial Services & the Treasury Christopher Hui visited Cyberport today to learn about its developments.

Mr Sit and Mr Hui first received a briefing on Cyberport’s development as a fintech community with about 400 fintech companies and startups.

Cyberport has launched the Cyberport Financial Practitioners FinTech Training Programme to promote the digital transformation of the industry, with the first batch of training programmes starting from March this year.

They visited ZhongAn Technologies International Group and Roborn Technology. ZhongAn joined the Cyberport community through the Easy Landing Scheme in 2018 to tap into the Hong Kong market. One of its subsidiaries has been granted a virtual banking licence, the other is authorised as a virtual insurer.

Roborn Technology, a Cyberport incubatee specialising in robotics, developed a smart robot to check body temperatures.

Mr Sit and Mr Hui also met representatives of four startups to better understand the challenges they are facing.

Mr Sit said the Government has earmarked $5.5 billion for the Cyberport Expansion Project to develop emerging digital technology areas that have potential, such as InsurTech, RegTech and LawTech.

This would provide more opportunities for young people to pursue a career in innovation and technology and further promote the overall I&T development in Hong Kong.

Over the years, Hong Kong has witnessed the fintech sector’s strong growth from a relatively small niche to a sizeable and vibrant community, Mr Hui said.

The Government will continue to work with all relevant sectors to promote and facilitate fintech development, he added.