OCTOBER 12 - 17, 2022


FinTech Week details unveiled

Learn from global leaders, executives, creators and disruptors about the rapid transformation of FinTech at Hong Kong FinTech Week 2022, taking place in person and virtually from Oct 31 – Nov 4. Themed “Pushing Boundaries, Reaping Benefits”, the conference will explore the future development of fintech through four key areas: global fintech outlook, fintech in the Mainland and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the implementation of emerging technologies, and digital assets. The event is expected to host over 250 speakers, 400 exhibitors, and more than 30 delegations, welcoming 20,000 attendees and attracting more than three million views from over 80 economies. Register and find out what is driving the future of fintech!

Financial Secretary: Hong Kong is coming back

“Hong Kong is coming back,” said Financial Secretary Paul Chan, reiterating that Hong Kong remains an international financial hub despite the recent “bumpy ride”. He highlighted the city’s unique advantages, including its world-class infrastructure and welcoming business environment, along with its connectivity, in particular to the GBA. Speaking at the Financial Services/Business Professional Service/FinTech Day (Oct 17) of Investment Promotion Week, Mr Chan said Hong Kong is fortifying its traditional advantages and opening up new frontiers. This includes strengthening the city’s position as a center for green finance, asset management and fintech. The Hong Kong Special Administrative Region Government will announce its policy for developing virtual assets, such as Web3 and non-fungible tokens, during Hong Kong’s FinTech Week (Oct 31 – Nov 4). 

Hong Kong serves as regional base for Korean art tech company

Renowned Korean digital design and immersive media technology company d’strict announced (Oct 12) that it is using Hong Kong as the regional base to expand its global reach. The opening of the ARTE M digital exhibition space and office in Hong Kong is the first step of d’strict’s two-pronged strategy for entering the Chinese market. ARTE M also serves as a prelude to d’strict’s ARTE MUSEUM in Hong Kong, slated for opening between late 2023 and early 2024 in SKYCITY of Hong Kong International Airport. CEO of d’strict Sean Lee said Hong Kong is one of the major cities in Asia with good infrastructure and resources, and attracts people from all over the world. “It is an ideal platform for us to showcase our immersive media art, advanced digital technologies, and aesthetics to the world,” he said. 

Business sentiment deteriorates in September

Overall business sentiment among small and medium-sized enterprises deteriorated in September, with the current diffusion indices for most surveyed sectors dropping. Nevertheless, expectations on the business situation in the following month improved amid the largely stable employment situation. The worsening global economic prospects and tightening financial conditions will continue to weigh on business sentiment, especially for the externally-oriented sectors. However, Phase II of the Consumption Voucher Scheme should remain supportive to consumption-related businesses. 


World premiere of “Deliverance” in Chicago

Hong Kong movie “Deliverance” will have its world premiere in Chicago on Oct 29. It is one of eight Hong Kong films featured at Season 15 of Asian Pop-up Cinema. Lead actress Summer Chan will be in attendance to receive the “Bright Star Award”. Joining her for a post-screening Q&A session are film director Kelvin Shum, producer Charlie Wong and screenwriter Kyle Shum. Book your tickets here! This year’s Hong Kong Cinema also includes the North American premiere of “The Narrow Road”; the US premiere of “Pretty Heart”; the Midwest Premieres of “Far Far Away”, “The First Girl I Loved”, “Septet: The Story of Hong Kong” and “Tales from the Occult”; and a special presentation of “Rigor Mortis”. 


Hong Kong objects to UN official’s comment

The Hong Kong Special Administrative Region Government expressed (Oct 13) strong disapproval of a United Nations official’s recent remarks on a Hong Kong court case concerning the National Security Law, adding that as the legal proceedings are yet to be completed, it would not be appropriate to comment on the details of the case. Stressing that the principles of human rights protection must be observed when safeguarding national security, the Government noted that human rights, as well as the provisions of the International Covenant on Civil & Political Rights and the International Covenant on Economic, Social & Cultural Rights are enshrined in the National Security Law.


Webinar on resolving cross-border disputes

Learn more on how LawTech is supporting the growth of cross-border transactions and helping business resolve disputes at the “From Alternative Dispute Resolution to Online Dispute Resolution” online webinar on Oct 27 morning (9:00am -10:00am EDT). Join the Chief Executive Officer of eBRAM International Online Dispute Resolution Centre Emmanuelle Ta and Partner of Duane Morris Christopher Healy as they share their insights on the application of LawTech in real practice and Hong Kong’s role as a leading hub in online dispute resolution and deal making. The webinar is jointly organized by eBRAM, Hong Kong Association of New York and Hong Kong Economic and Trade Office, New York. 

Coupling of Hong Kong/Greater Bay Area and ASEAN

What are the business opportunities in Hong Kong and Southeast Asia? How do Hong Kong and the Greater Bay Area serve as your bridge to doing business in ASEAN-e-commerce, trade and supply chain, manufacturing and FinTech? Take part in the hybrid event “Coupling of Hong Kong/Greater Bay Area and ASEAN” in Atlanta on Oct 26 to find out more of the opportunities available.


Hong Kong and its Basic Law

The Basic Law is the constitutional document of the HKSAR. Put into effect on July 1, 1997, it enshrines within a legal document the important concept of “One Country, Two Systems”.


Q: Is Hong Kong an easy place to visit for tourists or international business people?

A: Yes, very much so. Hong Kong has autonomy in immigration control. It maintains its own immigration laws and procedures and has a very liberal visa policy. As of July 2022, 168 countries or territories have granted visa-free access or visa-on-arrival to HKSAR passport holders. (BL Articles 154; 155)

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