Xu Zhengyu: The Hong Kong government focuses on areas such as CBDC, mobile payments and virtual asset transactions

Accenture and Cyberport jointly organized the accelerator program "Asia Pacific Fintech Innovation Lab 2024" to hold a demonstration day at Cyberport yesterday. The Secretary for Financial Services and the Treasury of Hong Kong, China, Mr. Paul Chan, recently emphasized at the Asia Pacific Fintech Innovation Lab 2024 Demo Day that the Hong Kong government is committed to promoting the development of cutting-edge financial services and reshaping the future financial landscape. Key areas of focus include central bank digital currency, mobile payment, virtual banking, virtual insurance and virtual asset trading. The 2024 accelerator program is themed "Accelerating the Excellence of Fintech", aiming to assist fintech companies in exploring new opportunities, promote innovation and development in the region, and support start-ups in using technology to drive change and product enhancement. Startups selected for the lab stood out from more than 100 applications from more than 35 countries and regions. The shortlisted projects focus on generative AI, customer experience optimization, wealth technology, insurance technology, green financial technology and Web3.0. (Ming Pao)