Fintech
Hong Kong and Switzerland forge stronger ties in fintech innovation
Hong Kong and Switzerland are making great strides in the field of blockchain and cryptographic technologies. Seeking to accelerate their progress through collaboration, Invest Hong Kong (InvestHK) and the Crypto Valley Association (CVA) of Zug, Switzerland have entered into a Memorandum of Understanding (MoU) signed at the 2024 Crypto Valley Conference.
The purpose of the MoU is to strengthen the cooperative relationship between InvestHK and CVA, with a focus on strengthening the fintech ecosystems of both Hong Kong and Switzerland. The agreement highlights the importance of providing consistent updates based on the latest market information, allowing companies in both regions to stay informed about fintech trends and developments. This initiative aims to facilitate a deeper understanding of the evolving landscape for businesses operating within these two major financial centers.
One of the main objectives of the MoU is to encourage companies, startups and investors to explore opportunities within key areas by offering relevant information and promoting network building. Furthermore, the agreement supports the organization of inbound business missions and investment promotion events, designed to stimulate bilateral investments between the two economies. In doing so, the MoU aims to create an environment conducive to business growth and innovation on both sides.
The signing ceremony was attended by several notable representatives, including King Leung, global head of financial services and fintech at InvestHK, Ilya Volkov, board member of the Crypto Valley Association, and Nikoletta Csanyi, executive director of the Crypto Valley Association.
Alpha Lau, general manager of investment promotion at InvestHK, said Hong Kong is strategically positioned to serve as a value-added super-connector that promotes innovation and its commercialization. Lau noted that InvestHK is committed to supporting businesses aiming to grow and achieve success in Hong Kong and beyond. She highlighted that the MoU marks a significant milestone in the collaboration between the fintech ecosystems of Hong Kong and Switzerland. It also reinforces Hong Kong’s status as a leading destination for fintech and Web3 innovation. Lau expressed enthusiasm for facilitating the integration of advanced technologies into Hong Kong’s international financial services system, which would further enhance the city’s status as a global financial hub.
Nikoletta Csanyi, executive director of the Crypto Valley Association, shared her perspective on the partnership by emphasizing that innovation transcends geographic boundaries. She indicated that strategic collaborations such as the one between InvestHK and CVA are crucial to building a more interconnected global fintech ecosystem. Csanyi explained that the MoU represents a commitment to promote collaboration, advance technological developments and create opportunities for growth and innovation between the two ecosystems. She highlighted that this partnership has the potential to shape the future of finance and position Hong Kong and Switzerland at the forefront of fintech excellence.
In conclusion, the memorandum of understanding between InvestHK and the Crypto Valley Association is a strategic move aimed at improving the fintech landscape of both Hong Kong and Switzerland. By leveraging each other’s strengths and fostering close cooperation, both entities aim to promote significant advancements in blockchain and cryptographic technologies. This collaboration is set to pave the way for a more interconnected global fintech ecosystem, with Hong Kong and Switzerland leading the way towards fintech excellence.