Talks centred on applications in finance, digital asset regulations, fundamental changes to financial infrastructure and Hong Kong as a fintech leader
KONG, CHINA - Media OutReach -
22 March 2019 -
More than 600 delegates attended the inaugural HashKey
International Digital Asset Summit 2019 (HIDA2019) to hear leading experts
discuss how blockchain technology is beginning to transform how we work, live
and play in the same way that widespread adoption of the internet changed the
Lee, Executive President of HashKey Group, delivers his welcome remarks at the
HashKey International Digital Asset Summit 2019
"Blockchain technology has transformed from being an
experiment just a few years ago to powering a new economic reality. There are
new cases and new fintech startups announced every week. Digital assets is
moving from its 'wild' stage of early development into the mainstream," said Michel Lee, Executive President of
HashKey Group. HashKey co-hosted the summit with Wanxiang Blockchain Labs, with
the support of Cyberport, DBS, FinTech Association of Hong Kong and ZhongAn International.
During the day-long event at The Four Seasons Hotel,
Hong Kong, speakers and panellists discussed how financial institutions from
the traditional investment community needed to take up the challenge that
blockchain and other fintech technologies represent, or be left behind.
Xiao Feng, Vice Chairman & Executive Director of China
Wanxiang Holdings and Chairman & CEO at Wanxiang Blockchain, outlined how fintech
is pushing economic development. He believes we are entering Fintech 3.0, with
financial infrastructure reconstituted with mainstream organisations launching
new products that are not based on existing banking facilities but new blockchain
In his keynote speech entitled 'Digital Transformation
and Blockchain Application in Supply Chain Trade Finance,' Abdul Raof Latiff,
Managing Director at DBS, discussed how his organisation, a legacy business,
has transformed to become future-facing.
was held in Hong Kong over other financial centres because the territory has a
great technology infrastructure, a fantastic talent pool and is already a
global financial and legal centre. However, while Hong
Kong is being presented with a huge opportunity, it could also be viewed as a
threat. "As a major world financial centre, Hong Kong can be at the forefront,
but as the technology goes mainstream the city cannot afford to be left
behind," said Michel Lee.
The summit also welcomed Eric
Chan, Chief Public Mission Officer, Cyberport; Ben Quinlan, Board Member, FinTech Association of Hong Kong and Ken Lo, Founding Member of ZhongAn International. Other
speakers and panellists included Clara
Chiu, Head of Fintech Unit and Director of Licensing, Securities and
Futures Commission; Patricia Yeung,
Senior Manager of Fintech, InvestHK; Paul
Yuen, General Counsel, Monetary Authority of Singapore (MAS); Cat Rüst, Head of Innovation Technologies, Greater China, UBS AG; Takato Fukui, Director General, Japan
Virtual Currency Exchange Association and David
Kwan, Head of Asia SMARTS Market Surveillance, Nasdaq.
To find out more about HashKey and
the Summit, please click here.
About the HashKey Group
Group (HashKey Digital Asset Group Limited) is a leading fintech group based in
Hong Kong. Led by a group of financial and technology veterans, the group
focuses on developing the blockchain and digital asset industry with a
commitment to build a global ecosystem for the long-term in coordination with
leading institutions, technology partners and governmental bodies.
Wanxiang Blockchain Labs
Funded by China Wanxiang Holdings, Wanxiang Blockchain
Labs is one of the first non-profit research institution focusing on Blockchain
technology globally. Wanxiang Blockchain Labs and its affiliated entities have
been early backers of a large number of ground-breaking projects and key
companies in the blockchain eco-system including Ethereum, Circle, Bloq,
Dfinity and PlatON. Its main goal is to provide support for research,
entrepreneurship, development and promotion of the blockchain industry, to
liaise with relevant regulatory bodies, and to explore how the technology can
be applied and contribute to the development of the wider economy and society.