From November 3 to 7, FinTech Week 2025 will be grandly held at the Hong Kong Convention and Exhibition Centre. As Asia's leading fintech event, Hong Kong FinTech Week celebrates its tenth anniversary this year. The conference will further enhance its international influence, creating a larger global stage to focus on and discuss core areas driving fintech innovation, such as artificial intelligence, Web3, blockchain, digital payments, and digital banking.

Important officials, including Hong Kong Chief Executive John Lee, Financial Secretary Paul Chan, and Deputy Governor of the People's Bank of China Lu Lei, will attend and deliver speeches; industry leaders such as Tencent Vice President Lin Haifeng, Ant Group Chairman Jing Xiandong, Binance CEO Richard Teng, and Meitu Founder Cai Wensheng will also speak as guests. BlockBeats reporters will provide real-time coverage on-site, with the latest updates as follows:

Paul Chan: Stablecoins should reject investment or speculation; license approvals are 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 mission: to regulate and promote market development. While encouraging innovation, it is also essential to ensure the true applicability of 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 facilitate cost reduction, cross-border transactions, and real economic activities. This is why, under the licensing system, the approval of stablecoin licenses is only for applicants with sustainable and robust business models and real use cases.

Jing Xiandong: In the future, AI agents will serve customers; artificial intelligence and blockchain will reshape financial services

On November 3, Ant Group Chairman Jing Xiandong stated at Hong Kong FinTech Week 2025 that artificial intelligence and blockchain will reshape financial services. The financial services industry is data-rich and language-intensive, where financial product services are abstract, complex, and credit-based, heavily relying on language descriptions for communication and delivery. This phenomenon spans all areas of finance, from back-end operations to customer-facing interfaces. Therefore, I anticipate that each customer may need a dedicated account manager, who will be an AI agent, to answer questions, solve problems, and provide users with personalized and cost-effective advice. This is essentially a multi-agent system, an agenda system. This is a short-term change we can expect in the financial sector driven by AI technology.

Additionally, tokenization driven by blockchain technology can convert various assets into on-chain tokens, enabling assets to be traded very transparently and credibly across institutions and markets. We can expect a new payment area that truly realizes real-time global payments, benefiting global trade and improving settlement efficiency. This change will bring about more regulated innovative sectors and greater participation from regulatory agencies, as transactions on the blockchain shift from speculation to value exchange, with changes in financial services driven by blockchain.

Lu Lei: Exploring new cross-border payment solutions using digital RMB, building a dual platform of blockchain and digital assets

On November 3, Deputy Governor of the People's Bank of China Lu Lei stated at Hong Kong FinTech Week 2025 that looking ahead, the digital RMB will be used to explore new cross-border payment solutions. The three principles of non-loss, 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 exploring open, inclusive, and innovative cross-border payment solutions with various parties to provide strength for the high-quality development of the digital economy.

First, promote multilateral central bank digital currency bridge cooperation to explore new paradigms for cross-border payments. The People's Bank of China and several monetary authorities, including the Hong Kong Monetary Authority, are jointly exploring a multilateral cooperation model based on the multilateral central bank digital currency bridge, connecting the payment systems and legal digital currency systems of various economies to achieve multi-currency, second-level direct cross-border payments.

Second, relying on the digital RMB cross-border payment platform, provide solutions for central bank digital currency cross-border payment cooperation. The People's Bank of China offers a bilateral cooperation model based on the digital RMB cross-border payment platform, flexibly supporting cross-border interconnectivity with various monetary authority systems, enjoying a digital experience in intelligent cross-border consumption trade and investment financing.

Third, build a dual platform of blockchain and digital assets to activate a new engine for the value internet. The People's Bank of China has launched a digital RMB blockchain service platform and a digital asset platform. Through the interaction of these two platforms, it is possible to explore asset digitalization innovations that enhance regulatory efficiency and transparency under controllable homogeneous regulatory risks, improve the efficiency and transparency of value circulation, promote the efficient flow and optimal allocation of economic factors, and empower the value internet.

John Lee: Hong Kong encourages more investors to enter the fintech sector, accelerating innovation and technological transformation

On November 3, Hong Kong Chief Executive John Lee stated in his opening speech at Hong Kong FinTech Week 2025 that there are currently over 1,200 fintech companies in Hong Kong, 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 initial public offerings (IPOs) in Hong Kong has exceeded $23 billion. The Hong Kong Capital Investment Entrant Scheme will be relaxed to encourage more investors to enter the fintech sector, and it is also exploring tokenization in conventional finance while applying regulatory sandboxes to promote innovation and prudent risk management. Hong Kong is also accelerating innovation and technological transformation, focusing on key areas such as artificial intelligence, life and health sciences, and new energy, with the goal of helping emerging industries achieve scalable development and prosperity.

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