On the 3rd, the flagship event of the fintech industry, Hong Kong Fintech Week 2025, jointly organized by the Financial Services and Treasury Bureau, Commerce and Economic Development Bureau, and Invest Hong Kong of the Hong Kong Special Administrative Region Government, opened in Hong Kong. This year marks the 10th anniversary of Hong Kong's fintech industry, and various activities will be held on Monday and Friday to showcase the innovative achievements of Hong Kong's fintech and explore the future development direction of Hong Kong's fintech. The theme of this year's Fintech Week is "Unleashing the New Era of Fintech". The main forum will have 11 themed forums covering multiple key areas, including financial and technology policy forums, forward-looking forums, insurance technology forums, etc. The event brings together over 37000 corporate executives, 800 guest speakers, and 700 exhibitors from more than 100 economies to explore cutting-edge technology trends and bring more opportunities for innovation and business development. In his speech, Hong Kong Chief Executive Carrie Lam introduced a series of measures to consolidate Hong Kong's position as an international financial center, including encouraging overseas companies to go public for the second time. He stated that there are currently over 1200 fintech companies in Hong Kong, an increase of 10% compared to last year. It is expected that by 2032, the revenue of Hong Kong's fintech industry will exceed 600 billion US dollars. With the launch of the new capital investor entry plan and the relaxation of investment thresholds, it is expected to attract more investors. Vice Governor of the People's Bank of China, Lu Lei, stated that financial technology, as a technology driven financial innovation, has become an important driving force for the transformation of financial development and governance systems in the context of the digital economy. With the increasingly close economic and trade cooperation and personnel exchanges between mainland China and Hong Kong, the market has a strong demand for convenient cross-border payment services. The People's Bank of China has actively promoted the interconnection of cross-border payments, focused on expanding the onshore business of the RMB Cross border Payment System (CIPS), and has successively launched the fund settlement functions of Bond Connect, "North Link" and "South Link", and launched the Hong Kong dollar payment and clearing business to provide safe and convenient fund settlement services for cross-border bond transactions between the two places. The Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, stated that Hong Kong financial regulators have a dual mission to regulate and promote market development. While encouraging innovation, it is also necessary to ensure the true applicability of digital asset regulation, investor protection, and financial stability. Both digital asset trading platforms and stablecoins should adhere to the same activities, risks, and regulatory principles. Hong Kong is promoting artificial intelligence in various fields, attracting global talents and enterprises, and encouraging cross disciplinary cooperation with the financial services industry. At this year's FinTech Week, the Hong Kong Monetary Authority released its "FinTech 2030" vision. The vision focuses on four key areas, including building a new generation of data and payment infrastructure, supporting the comprehensive application of artificial intelligence in the industry, strengthening business and technological resilience, and promoting financial tokenization. It covers over 40 specific projects, aiming to promote Hong Kong's development into a robust, resilient, and forward-looking international fintech hub. (New Society)