What lockdown? Hong Kong forges ahead with FinTech week set to show latest in high tech FX trading
Hong Kong is now back on the radar for large interbank FX dealers and electronic trading innovators alike. It is time for the FX world to take a look at its APAC heartlands once again, this time from a high technology point of view
Hong Kong has been an anomaly over the last few months.
First came the chaotic wave of protests against the Chinese communist government which now rules the Special Administrative Region and seeks to internalize its markets behind the far eastern iron curtain, to no avail.
Then came draconian lockdowns, forcing the majority of business to cancel its plans for the foreseeable future.
What would become of the New York of the Asia Pacific region hung in the balance, and many Western firms saw these two dynamics as a good reason to up sticks and leave.
Things today, however, are somewhat different and Hong Kong most certainly has not seceded its status as the international business center of the Far East at all. Quite the opposite.
Whilst western nations cower and tremble, obeying the propaganda pushed out by governments which seek to disable all business, Hong Kong is forging ahead.
Conferences were considered to be off the menu this year, however FinTech Week is set to take place in three weeks time and is set to bring together the most influential leaders in the entire global financial services industry, albeit via digital attendance.
The array of participants demonstrates that no global firm believes that Hong Kong’s end goal is to banish international collaborations from its shores, and includes Axa Asia Pacific, Bank of America, BBVA, Barclays, BNP Paribas, Credit Suisse, SocGen, Google and SoftBank.
FinanceFeeds has absolutely no affiliation to this event, however it is our opinion that this is an important virtual venue for FX and CFD industry executives as it will demonstrate the way forward in Asia, an important region, at a technology-led level.
The 33 speakers represent every area of modern fintech from AI startups to interbank dealers, and therefore are likely to provide good insights into the future of retail electronic financial services.
It is with more than a glimmer of hope that this is taking place with Hong Kong as its focus, therefore should be taken seriously.
